1049 Government Street,Penticton, BC V2A4T9
Penticton, BC V2A4T9
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:13843)
Details
| MLS # | 10386049 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1950 |
| Days On Site | 173 |
| Listing Provided By | Chamberlain Property Group | Grant Klatik |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,966 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.29 |
| Property View | Mountain view |
Interior
| Heating | Forced air, Electric |
|---|---|
| Appliances | Washer, Refrigerator, Range - Electric, Dryer |
| Fireplace Yes / No | Yes |
| Fireplace Features | Free Standing Metal |
| Fireplaces Total | 1 |
Exterior
| Roof | Asphalt shingle, Unknown |
|---|---|
| Lot Features | Level lot, Treed, One Balcony |
| Fencing | Fence |
Parking
| Parking Features | Additional Parking |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3315.68 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Penticton |
| Postal Code | V2A4T9 |
| Listing VS Median (in V2A4T9) | |
Price: $699,000 low | high Med: $699,000 sqft: 1,966 low | high Med: 1,966 $ / sqft: $356 low | high Med: $356 On site: 173 low | high Med: 173 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Penticton |
| Postal Code | V2A4T9 |
| Listing VS Median (in V2A4T9) | |
Price: $699,000 low | high Med: $699,000 sqft: 1,966 low | high Med: 1,966 $ / sqft: $356 low | high Med: $356 On site: 173 low | high Med: 173 | |
