Welcome to this beautifully updated 1950s character home, where timeless charm meets modern convenience! Situated on a sprawling 9,395 square foot lot (with lane access and room for a pool!), this 5-bedroom, 2-bathroom home offers incredible space and versatility for families, investors, or those seeking a unique opportunity. Thoughtful renovations enhance the home’s classic appeal while providing the comfort of contemporary living. There is ample parking for your vehicles, RV, or toys. Out back, there is a fantastic approximately 500 square foot bonus space that can be used as a hobby room, home office, non conforming guest suite, or creative retreat. With R4-S zoning, this property offers exciting investment potential, allowing for a range of possibilities, whether you're looking to expand, generate rental income, or create a multi-generational living setup. The location is truly unbeatable! Just a short walk to Penticton’s stunning beaches, vibrant breweries, and the popular farmers' market, you'll have the best of the Okanagan lifestyle right at your doorstep. Enjoy a morning stroll along the waterfront, sip craft beer at local favourites, or shop for fresh produce and artisan goods—all within minutes of home. This is a rare opportunity to own a character-filled home in a sought after Penticton neighbourhood. Schedule your private showing today!