285 Waterford Avenue
Penticton, British Columbia V2A6V5

  • 285 Waterford Avenue Penticton
  • 285 Waterford Avenue Penticton
  • 285 Waterford Avenue Penticton
  • 285 Waterford Avenue Penticton

$695,000

ID# 10325345

4 Bedroom 1 Bathroom

Central air conditioning Forced air See remarks

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. (id:3942)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of RE/MAX Penticton Realty
Listed on: October 02, 2024

On market: 43 days
Bathroom Total 1
Bedrooms Total 4
Half Bathrooms Total 0
Year Built 1956
Cooling Type Central air conditioning
Heating Type Forced air, See remarks
Stories Total 1
KitchenMain level15'0'' x 10'0''
Primary BedroomMain level13'7'' x 12'8''
BedroomMain level10'4'' x 10'3''
Full bathroomMain levelMeasurements not available
BedroomMain level10'0'' x 6'6''
BedroomMain level13'0'' x 10'3''
Living roomMain level16'0'' x 14'0''
Dining roomMain level14'0'' x 9'0''

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285 Waterford Avenue