Live for Free in the Heart of Lumby! Discover an incredible investment opportunity with this 5-unit complex located in the vibrant heart of Lumby, North Okanagan. This commercially zoned property features 3 residential units and 2 commercial spaces. The current rental income is substantial enough to cover the mortgage, allowing the future owner to live in one of the suites for free. Each unit has been recently renovated, and major updates such as the furnace, hot water tank and exterior siding have been completed in recent years. This iconic and enduring building sits on a massive lot with commercial zoning, offering a variety of development options. Lots of Hwy traffic flow with plenty of extra parking in the back as well on street parking for additional customer parking if needed. Owner financing is available for the right buyer. Don't miss out on this unique opportunity to own a piece of Lumby's history while securing a profitable investment. (id:47421)
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Detailed Information
Listing Contract Date
2025-09-30
Municipal ID
004-771-605
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Other
Transaction Type
For sale
Building
Constructed Date
1901
Heating Type
Forced air
Roof Material
Metal
Roof Style
Unknown
Type
Residential Commercial Mix
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Rear
Land
Total Size
0.21 acres
Current Use
Mixed use
Sewer
Municipal sewage system
Size of Irregular Land
0.21
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