Don Rae Realtor


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  • 1049 Government Street Penticton V2A4T9

    Price : $749,900 Listing ID : 10356548
    Bedrooms Bathrooms
    Property Type : Single Family Building Type : House
    Title : Freehold Finished Area : 1966 sqft
    Built in : 1950 Total Parking Spaces : -
    Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Park, Recreation, Shopping Access : Easy access Appliances Inc : Refrigerator, Dryer, Range - Electric, Washer
    Community Features : - Features : Level lot, Treed, One Balcony Structures : -
    Total Parking Spaces : - View : Mountain view Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : Ranch Bathrooms (Partial) : 1 Cooling : -
    Fire Protection : - Fireplace Fuel : - Fireplace Type : Free Standing Metal
    Floor Space : - Flooring : Carpeted, Linoleum, Wood Foundation Type : -
    Heating Fuel : Electric Heating Type : Forced air Roof Style : Unknown
    Roofing Material : Asphalt shingle Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : Full Development : - Features : -
    Land
    Landscape Features : Landscaped, Level
    Rooms
    Level : Type : Dimensions :
    Basement 2pc Bathroom Measurements not available
    Bedroom 9'0'' x 11'6''
    Den 12'0'' x 14'10''
    Recreation room 22'4'' x 20'8''
    Utility room 9'0'' x 8'3''
    Main level 4pc Bathroom Measurements not available
    Bedroom 10'5'' x 10'3''
    Dining room 9'7'' x 8'5''
    Kitchen 9'5'' x 10'0''
    Living room 12'3'' x 14'4''
    Primary Bedroom 10'5'' x 10'6''
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.