Exceptional opportunity to acquire full ownership of this versatile commercial property consisting of 3 income-producing strata units. Ideally positioned in an unbeatable location across from Okanagan Beach in the heart of Penticton’s thriving tourism district. Unit #101 features 3,407 SF on the main floor, currently demised into two distinct spaces: approx. 850 SF leased to The Pilates Mat Studio, featuring a stylish modern build-out with 2 washrooms, abundant natural light, and an inviting patio. Larger owner-occupied space to be delivered vacant on possession—open concept layout with 1 washroom and kitchenette, ready for your vision. Unit #201/202 are currently operating as Casa Grande Inn & Suites, providing multiple income streams through a licensed 4-bedroom inn, 4-bedroom vacation home, and 2 additional private-entry lock-off suites, ideal for short-term rentals. Alternatively, a large or multi-generational family could enjoy the entire space, with ample room for privacy, shared living, and hosting guests. Architecturally unique Pueblo Revival/Santa Fe-style design with 20-foot ceilings, 2 grand fireplaces, multiple outdoor patios, and secure storage for bikes, kayaks, or ski equipment. C3 Mixed Commercial zoning allows for a wide range of uses, including continued operation as a hospitality business, conversion into a full-time residence, or a mix of both. Just steps from Okanagan Beach and within walking distance of major attractions.