3245 Paris Street | $13,600,000
Jeff Hudson Prec* Agent Photo
Jeff
Hudson Prec*
UNISON HM COMMERCIAL REALTY
100-730 Vaughan Ave
Kelowna, BC
Canada V1Y 7E4

Details

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Years (35 year max)
Years



Address 3245 Paris Street
AreaSouth Okanagan
Sub AreaPE - Main South
State/ProvinceBritish Columbia
CountryCanada
Price$13,600,000
Property TypeResidential Development
Lot Size10.27 Acres
WaterfrontNo
Taxes $40,606
Tax Year2022
MLS® #10305040

Rare opportunity to purchase a 10.27 acre, high density residential site with holding income in the Skaha Village neighbourhood of beautiful Penticton, BC. Whitewater Mobile Home Park consists of 93 home pads fully serviced with municipal water and sewer, with an average lot size of 5,040 square feet. The park is located in close proximity to shopping, schools, parks, and recreational activities while within walking distance to Skaha Lake, Walmart and a transit route. Just 5 minute drive to downtown core and Penticton Regional Airport. There is strong upside potential through redevelopment & densification (city supports 4+ storey residential), with a current NOI of $651,382 (2024). Cap rate of 4.8%.

Location

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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