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:4069)
Address
1049 Government Street
List Price
$749,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
sale
Area
British Columbia
Sub-Area
Penticton
Bedrooms
3
Bathrooms
2
Floor Area
1,966 Sq. Ft.
Lot Size
0.29 Ac.
Year Built
1950
MLS® Number
10356548
Listing Brokerage
Chamberlain Property Group
Basement Area
Full
Postal Code
V2A4T9
Site Influences
Park, Recreation, Shopping, View
Features
Level lot, Treed, One Balcony
