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Penticton,BC V2A4T9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,966 sqft
Price per Sqft $381
Subdivision Main North
MLS Listing ID 10356548
Style Ranch
Bedrooms 3
Half Baths 1
Year Built 1950
Lot Size 0.290 Acres
Property Sub-Type Freehold
Property Description
Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 1.0
Interior
Heating ,Forced air
Flooring Carpeted,Linoleum,Wood
Fireplaces Type Free Standing Metal
Exterior
Parking Features No
Fence Fence
View Y/N Yes
View Mountain view
Roof Type Unknown
Building
Lot Description Landscaped,Level
Story 1
Sewer Municipal sewage system