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Royal LePage
Royal LePage
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$799,000

3 Beds

1 Bath

2066 FEETSQ

QuickQuoteTM: $714K - $869K

Penticton BC, V2A 4V4

MLS® # 10361847

Property Information:

Exceptional 8-Unit Development Opportunity on Government Street. This prime property presents an excellent opportunity for developers or investors, with preliminary designs in place for two 4-plex development sites (8 units total). Conveniently located near the hospital, IGA, and public transit, the site offers both accessibility and strong future growth potential. Currently, the property features a home that is rented for $1,700 per month plus utilities, providing holding income while you plan your project. With the groundwork already underway and preliminary designs available, this is an ideal chance to move forward with a profitable development in a sought-after area. Whether you’re looking to build and sell, hold as a rental investment, or add to your portfolio, this property offers flexibility and strong upside. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Rancher
  • Basement Type: Cellar
  • Construction Style - Attachment: Detached
  • Exterior Finish: Other
  • Fireplace Fuel: Gas
  • Fireplace Type: Unknown
  • Floor Space: 2066 sqft
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 1
  • Access Type: Easy access
  • Amenities Nearby: Schools, Shopping
  • Built in: 1930
  • Floor Space (approx): 2066 Square Feet
  • Sewer: Municipal sewage system
  • Parking Type: Other
  • No. of Parking Spaces: 2

Rooms:

  • Storage 2nd Level 12'0'' x 14'0''
  • Other 2nd Level 20'0'' x 12'0''
  • Living Main Level 26'6'' x 13'4''
  • Kitchen Main Level 9'0'' x 17'8''
  • Breakfast Main Level 4'0'' x 7'0''
  • Bedroom Main Level 9'8'' x 7'7''
  • Bedroom Main Level 12'6'' x 11'10''
  • Primary Bedroom Main Level 10'8'' x 13'4''
  • Bathroom Main Level Measurements not available

Courtesy of: RE/MAX Penticton Realty, Homelife Benchmark Titus Realty

REALTOR.ca  

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Location of 1266 GOVERNMENT Street, Penticton, British Columbia, V2A 4V4

Demographic Information of 1266 GOVERNMENT Street, Penticton, British Columbia, V2A 4V4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,303.80

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.02 %

High school certificate or equivalent

36.01 %

Apprenticeship trade certificate/diploma

10.25 %

College/non-university certificate

20.52 %

University certificate (below bachelor)

1.48 %

University Degree

15.72 %

Commuter

Travel To Work

By Car

80.24 %

By Public Transit

2.04 %

By Walking

11.05 %

By Bicycle

0.0 %

By Other Methods

6.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

20.85 %

Houses

79.15 %

Own Vs. Rent

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