285 Waterford Avenue
Penticton
Update on 2023-07-04 10:05:04 AM
$ 695,000
4
BEDROOMS
1 + 0
BATHROOMS
1591
SQUARE FEET
1956
YEAR BUILT
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.
COMMUNITY | PE - Main North |
TYPE | Residential |
STYLE | |
YEAR BUILT | 1956 |
SQUARE FOOTAGE | 1591.0 |
BEDROOMS | 4 |
BATHROOMS | 1 |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | Unknown |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | 0 x 0 | Main level |
Second Bedroom | 0 x 0 | Main level |
Third Bedroom | 0 x 0 | Main level |
Dining Room | 0 x 0 | Main level |
Family Room | ||
Kitchen | 0 x 0 | Main level |
Living Room | 0 x 0 | Main level |
INTERIOR
EXTERIOR
Broker
RE/MAX Penticton Realty
Agent