131 Ellis Street is ideally situated just steps from Okanagan Lake, offering an unbeatable downtown location close to popular breweries, restaurants, and premier shopping. This rare 7,840 sq ft Creekside property features C6 zoning, allowing for 100% lot coverage and building heights of up to 21 meters, presenting exceptional flexibility for redevelopment. Whether envisioned as luxury condominiums with retail at street level or as a destination restaurant, brewery, or wine bar, the site supports a wide range of high value uses. From the third floor upward, future development will enjoy stunning lake views, while the surrounding area offers a short stroll to the park, marina, and Penticton's vibrant waterfront. An outstanding opportunity to create a landmark project in one of the city's most desirable and walkable locations.