***Listed over $100,000 below assessed value*** Unique Commercial and Residential Opportunity in Penticton. Discover the rare chance to own a dual-purpose property in the heart of downtown. Situated in the highly sought-after ""Ellis One"" building, this property offers unbeatable access to parks, vibrant amenities, and the lively downtown atmosphere. You'll be just a short walk away from sandy beaches, the farmers market, numerous brewpubs, and a diverse selection of restaurants. This strata lot comprises two distinct units. The street-level commercial space, currently leased as a well-established Barber Shop. Helping pay for your perfect Penticton getaway. A great lease in place to assist with creating the perfect home or vacation retreat above. Always nice to have that mortgage paid for by the tenant below you. Above this commercial space you will find a beautifully finished apartment featuring a large deck that invites you to unwind with a natural gas BBQ, enjoying morning coffee or sunset drinks on warm Penticton evenings. This is an ideal setting for a home owners looking to escape the rent cycle or for investors seeking dual rental incomes from one exceptional property. Don’t miss out on making this magical spot your new venture or investment in downtown Penticton.