Charming Character Home with In-Law Suite & Rental Income Potential! This 1,970 sq. ft. 5 Bedroom, 2 bathroom home offers fantastic income opportunities with the upstairs possibly bringing in $2,000+ and the downstairs $1,100+. This property is priced to reflect the TLC needed, the bones are strong with recent updates, including a 200-amp electrical upgrade (2023), a new front window (2024), and upgraded stainless steel appliances. Located on a corner lot with alley access, this home features original hardwood floors, high ceilings, and a spacious in-law suite with its own entrance and laundry—perfect for multi-generational living or rental income. The property also offers privacy, mature fruit trees, garden space, and ample parking. With R4-S zoning and QUICK POSSESSION available, this is a rare opportunity to make it your own while capitalizing on its rental potential and future development opportunities. Just minutes from Okanagan Lake, downtown Penticton, and more! Don’t miss out! Buyer to verify measurements.