Welcome to 1027 Government Street combining timeless character with modern updates plus immediate value and future potential. The home features restored antique wood windows, fresh paint, updated lighting, new blinds in the two main bedrooms and dining room. These touches highlight its inviting charm, while behind the scenes important upgrades have been completed: removal of knob-and-tube wiring, upgraded breaker panel, plumbing improvements, and preparations for a basement bathroom and main-level toilet addition. A new bedroom ceiling fan, furnace blower motor, duct cleaning (May 2025), and maintenance—including replaced deck steps, gutter cleaning, and new lilac and hydrangea plantings—add both comfort and curb appeal. Beyond the home itself, the true upside lies in the property. This flat, .18-acre lot is in a prime central Penticton location, within walking distance to schools, shops, the hospital, and amenities. With new multi-unit zoning in place and positioned for higher-density redevelopment (buyer to confirm with the City), the site offers excellent potential for a multi-unit build, duplex, or infill project. Property boundary lines shown are approximate and for illustrative purposes only. They are not to be relied upon for purchase decisions. Buyers are advised to verify all details and measurements through independent investigation and professional surveys. (id:63267)