Jeff
Hudson Prec*
Hudson Prec*
UNISON HM COMMERCIAL REALTY
100-730 Vaughan Ave
Kelowna, BC
Canada V1Y 7E4
100-730 Vaughan Ave
Kelowna, BC
Canada V1Y 7E4
Details
Address | 3245 Paris Street |
Area | South Okanagan |
Sub Area | PE - Main South |
State/Province | British Columbia |
Country | Canada |
Price | $13,600,000 |
Property Type | Residential Development |
Lot Size | 10.27 Acres |
Waterfront | No |
Taxes | $40,606 |
Tax Year | 2022 |
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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