285 waterford Avenue, Penticton, British Columbia V2A6V5

Listing courtesy of RE/MAX Penticton Realty.

$695,000
4
BD
1
BA
1,591
SqFt
List Price
$695,000
MLS®
10317688
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family
Bedrooms
4
Bathrooms
1
Living Area
1,591
Agent Name
John Green
Agent Phone
250-486-5353
Lot Size Dimensions
0.33
Lot Size
14,374
Subdivision
Main North

Property Description

This 0.33-acre development property offers an excellent opportunity for investors and developers to create a multi-family complex in a prime location. It is conveniently situated within walking distance of the Walmart Shopping Centre, Skaha Beach Park, and Skaha Lake. The property features easy access, with significant road frontage and alley access, providing flexible design options. The property has the potential to accommodate up to 10 residential units with a rezoning supported by city staff (buyers should conduct their own due diligence). It is located within the legislated transit area corridor, which eliminates parking requirements. Currently, the property generates $1,200 in monthly rental income from an older home on the site that has been abated with a hazardous assessment report. Don't miss this chance to invest in a well-positioned property with significant development potential. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
Main North
Zoning
Commercial
Cooling
Central air conditioning
Country
Canada
Sewer
Municipal sewage system
Roof
Asphalt shingle, Unknown
Heating
Forced air, See remarks
Lot Features
Level lot
Stories
1
Lot Size
14,374
Exterior Features
Wood siding
Zoning
Commercial

Mortgage Calculator

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Calculator source: Real Geeks