Charming Character Home with In-Law Suite & Development Potential! This 1,970 sq. ft. 3-bedroom, 2-bathroom home seamlessly blends timeless character with modern updates, including a recently upgraded 200-amp electrical system (2023) and a front window in 2024. Featuring high ceilings, original hardwood floors, and a freshly upgraded STAINLESS STEEL fridge, stove, and hood range, this home offers both warmth and functionality. A standout feature is the spacious in-law suite with a private entrance, its own laundry, and ample potential to expand into a 5-bedroom layout—ideal for multi-generational living or generating rental income. The home is in need of some TLC and personal touches, offering a fantastic opportunity to make it your own. Nestled on a fenced corner lot, the property provides privacy, mature fruit trees, garden space, and plenty of off-street parking. With R4-S zoning, this property holds exciting development potential for future investment. Located just minutes from Okanagan Lake, downtown Penticton, the South Okanagan Event Centre, the casino, breweries, restaurants, schools, and more, this location offers both convenience and lifestyle. Plus, back lane access provides RV parking or extra vehicle space. This is a rare opportunity for quick possession—don’t miss out! Buyer to verify measurements if important.