Antrobus
129 Nanaimo Avenue W
Penticton, BC
Canada V2A 1N2
Details
Address | 285 Waterford Avenue |
Area | South Okanagan |
Sub Area | PE - Main North |
State/Province | British Columbia |
Country | Canada |
Price | $695,000 |
Property Type | Single Family - Detached |
Bedrooms | 4 |
Bathrooms | 1 |
Half Baths | 0 |
Floor Space | 1591 Square Feet |
Lot Size | 0.33 Acres |
Waterfront | No |
Year Built | 1956 |
Taxes | $3,112 |
Tax Year | 2024 |
MLS® # | 10325345 |
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.
Listed by RE/MAX PENTICTON REALTY
Location
About
Live.
Work. Play. The South Okanagan is a dream in itself; many fantastic areas to
choose from; four distinct seasons; a great variety of indoor or outdoor
activities and lots of choice for shopping. The pursuit of investing in Real
Estate can be the most exciting and rewarding experience you will encounter. However,
finding a suitable property for your families wants and needs at a price you
can afford is sometimes a bit of a challenge. You need a Real Estate
representative who understands your desires, has a good eye for easy changes
that can be made to a property to fit your needs and to help you make the best
choice for your family. I am that Realtor®. I demonstrate a profound dedication
to all clients whether you are purchasing a dream home or selling a property to
move on to bigger and better dreams. With mutual honesty, loyalty and
accountability, I will answer your questions and follow your instructions
attentively.
If you are looking for a Real Estate
representative who knows the Okanagan Valley, has over 20 years of experience
working with sellers and buyers, will listen to your ideas, be aggressive in
her marketing and advertising, and give you all the attention you deserve, call
or text me at 250-488-0804, you won’t be disappointed!