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Royal LePage
Royal LePage
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$749,900

3 Beds

2 Baths

1966 FEETSQ

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Penticton BC, V2A 4T9

MLS® # 10356548

Property Information:

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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Rancher
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Stucco, Wood siding
  • Fireplace Type: Free Standing Metal
  • Floor Space: 1966 sqft
  • Flooring Type: Carpeted, Linoleum, Wood
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Appliances: Refrigerator, Dryer, Range - Electric, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Half Bathrooms: 1
  • Access Type: Easy access
  • Amenities Nearby: Park, Recreation, Shopping
  • Built in: 1950
  • Features: Level lot, Treed
  • Fence Type: Fence
  • Floor Space (approx): 1966 Square Feet
  • Landscape Features: Landscaped
  • Lot Frontage: 65.0 Feet
  • View Type: Mountain view
  • Sewer: Municipal sewage system
  • Parking Type:

Rooms:

  • Bedroom Basement Level 9'0'' x 11'6''
  • Den Basement Level 12'0'' x 14'10''
  • Utility Basement Level 9'0'' x 8'3''
  • Bathroom Basement Level Measurements not available
  • Recreation Room Basement Level 22'4'' x 20'8''
  • Kitchen Main Level 9'5'' x 10'0''
  • Living Main Level 12'3'' x 14'4''
  • Dining Main Level 9'7'' x 8'5''
  • Primary Bedroom Main Level 10'5'' x 10'6''
  • Bedroom Main Level 10'5'' x 10'3''
  • Bathroom Main Level Measurements not available

Courtesy of: Chamberlain Property Group

REALTOR.ca  

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Location of 1049 Government Street, Penticton, British Columbia, V2A 4T9

Demographic Information of 1049 Government Street, Penticton, British Columbia, V2A 4T9

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$96,972.42

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.24 %

High school certificate or equivalent

37.42 %

Apprenticeship trade certificate/diploma

9.57 %

College/non-university certificate

20.16 %

University certificate (below bachelor)

0.26 %

University Degree

15.35 %

Commuter

Travel To Work

By Car

72.93 %

By Public Transit

1.98 %

By Walking

18.68 %

By Bicycle

0.4 %

By Other Methods

6.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.36 %

Houses

66.64 %

Own Vs. Rent

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