Welcome to 1073 Moosejaw Street, situated in the picturesque neighbourhood of Cherryland. This property spans 0.28 acres and features two homes with convenient street and lane access, positioned on one of the largest lots in the area measuring 71 feet wide by 157 feet deep. Offering potential for future subdivision into two residential parcels or exploring increased density options, this is an ideal investment opportunity. The main residence is an updated 3-bedroom, 2-bathroom home with a bright, open floorplan that has undergone tasteful renovations over the past year. Note the basement is 6' in height. Adjacent, you'll find a 550sqft laneway home boasting 1 bedroom plus a den, complete with a deck, dedicated parking, and independent access from the lane. The laneway home is rented at $1695 per month until Aug 15 2025. Step outside the main home to discover the expansive, private yard, a haven for children and pets to play freely. The property is fully fenced, includes a garden shed for storage, and features a lengthy driveway at the front offering ample parking space. Enjoy proximity to SOEC, King's Park, Community Centre, schools, and vibrant downtown Penticton. Don't miss this opportunity to own a versatile property in a prime Penticton location. Whether you're looking for dual living spaces, future development potential, or simply a serene retreat close to city amenities, 1073 Moosejaw Street promises endless possibilities. Seller is a licensed realtor.