Step into this charmingly updated 1950s character home, where vintage charm blends seamlessly with modern upgrades. Nestled on an expansive 9,395 square foot lot with convenient lane access, this 5-bedroom, 2-bathroom residence delivers exceptional flexibility—perfect for families, investors, or anyone looking for something truly special. Renovations have been thoughtfully completed to preserve the home's original character while adding the comforts of contemporary living. You'll find plenty of space for parking, whether it's for your vehicles, RV, or recreational toys. At the rear of the property, a generous bonus area of approximately 500 square feet provides endless potential—ideal as a home office, hobby space, creative studio, non-conforming guest suite, or private retreat. The flat, spacious backyard is perfect for entertaining, play, or even adding a pool. Plus, with irrigation in place, keeping your lawn lush and green is a breeze. Zoned R4-S, this property opens the door to exciting investment prospects—from expanding the home, earning rental income, or establishing a multi-generational living arrangement. Located in one of Penticton’s most desirable neighbourhoods, this home puts you just moments from stunning beaches, lively breweries, and the bustling farmers’ market. Whether you’re taking a morning walk along the lake, enjoying a local craft beer, or shopping for fresh, local produce, you’ll love having the Okanagan lifestyle right at your fingertips.