A large flat building lot this close to one of Penticton's lakes is a rare find. Located just one block from Skaha Lake park, on the corner of Lee and Cypress, this south-end neighbourhood has become the preferred choice for locals in the know. Close to 1/4 acre, the house and garage were removed in 2023 and the foundations demolished - it's now a blank slate for a variety of possibilities: SINGLE-FAMILY RESIDENCE: this corner lot provides ample room for a sizable home, pool and private carriage house with its own separate access. The existing hedging provides immediate privacy. MULTIPLE-FAMILY DEVELOPMENT: Current zoning allows for a maximum of 4 units. With access from the west and north sides of the property, there's flexibility to be creative in an area appealing to both local retirees who are downsizing and seasonal residents. Contact your Realtor for zoning information or to view. (id:56537)