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586 School Avenue | $560,000
Amar Kahlon* Agent Photo
Amar
Kahlon*
C. (250) 809-0968
 P. (250) 492-2266
 Phone Amar www.teamkahlongroup.com
RE/MAX PENTICTON REALTY
302 Eckhardt Avenue West
 Penticton, BC
 Canada V2A 2A9

Details

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Years



Address 586 School Avenue
AreaSouth Okanagan
Sub AreaOL - Oliver
State/ProvinceBritish Columbia
CountryCanada
Price$560,000
Property TypeSingle Family - Detached
Bedrooms2
Bathrooms1
Half Baths0
Floor Space1054 Square Feet
Lot Size0.14 Acres
WaterfrontNo
Year Built1951
Taxes $2,408
Tax Year2024
MLS® #10333496

Introducing an excellent real estate development opportunity: an 8-unit property in Oliver, contingent on the joint sale of both properties( 586 School and 591 Church Street). The development permit is ready for immediate acquisition, requiring the buyer to apply for the building permit to commence the project. This development encompasses four units on each of the paired properties at 586 School Ave and 491 Church Ave. These two-story units, spanning approximately 1150 sqft each, 3-bedroom configurations. Situated within walking distance to the school and various amenities, the location is ideal for families. Both houses are presently tenanted, generating a monthly rental income of nearly $3000, plus utilities, ensuring a steady cash flow during the period of awaiting the building permit

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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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About

Amar Kahlon is an award-winning real estate professional and has vast knowledge in the real estate field. Living in Penticton for well over two decades with his family. He and his wife Supreet raised two children, Ikjot and Udai in Penticton. Ikjot and Udai are now partners with Amar in Team Kahlon.

Amar is known for providing exceptional real estate service, starting with a great foundation, versatility, and innovations. He brings a diverse and unique experience in sales, marketing, and development. Amar has a proven track record for building trust in his tenacity, work ethic, professionalism, and ability to deliver exceptional results for his clients. He is client-focused and results-driven. His sophisticated negotiation skill set him apart in his ability to advocate for his clients. He has extensive experience in development, rezoning, land assemblies, and successfully helping his clients to complete developments. He is a savvy, strategic and trusting partner and feels privileged to be able to help his clients reach their goals and dreams.

Amar loves travelling, biking, hiking and cooking different cuisines and socializing with his friends and families.

Amar would be honored to work with you to reach your real estate goals.

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