285 Waterford Avenue, Penticton, British Columbia, V2A 6V5

$695,000

MLS® # 10325345

House For Sale In Penticton, British Columbia

$695,000

  • 4

    Bedrooms

  • 1

    Bath

Property Information:

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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Construction Style - Attachment: Detached
  • Exterior Finish: Wood siding
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 1
  • Amenities Nearby: Public Transit, Airport, Recreation, Schools, Shopping
  • Built in: 1956
  • Features: Level lot
  • Landscape Features:
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: See Remarks, Other, RV

Rooms:

  • Kitchen Main Level 15'0'' x 10'0''
  • Primary Bedroom Main Level 13'7'' x 12'8''
  • Bedroom Main Level 10'4'' x 10'3''
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 10'0'' x 6'6''
  • Bedroom Main Level 13'0'' x 10'3''
  • Living Main Level 16'0'' x 14'0''
  • Dining Main Level 14'0'' x 9'0''

Courtesy of: RE/MAX Penticton Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos