This expansive 0.19-acre R4-L lot presents a fantastic opportunity, whether you're looking for a holding property with potential for multi-unit residential development or a charming starter home in Penticton's vibrant downtown core. The location offers unparalleled convenience, with schools, breweries, restaurants, shops, and numerous amenities just a short stroll away. The 2-bedroom home on the property is in excellent condition, brimming with character and boasting a host of recent upgrades, making it move-in ready. You'll appreciate the original hardwood flooring, the upgraded kitchen with new appliances and a convenient sit-up bar, and the updated 4-piece bathroom. The home also features newer vinyl windows and a poured stamped concrete pad in the backyard, perfect for barbecues and entertaining. The full basement is partially finished, offering ample space for future expansion. Recent home inspection performed and brand new hot water tank June 2025 on file. Call LS for a personal tour. All meas approx.