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Royal LePage
Royal LePage
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$799,000

2 Beds

1 Bath

1175 FEETSQ

QuickQuoteTM: $671K - $817K

Penticton BC, V2A 5Y8

MLS® # 10361465

Property Information:

Attention Investors and Developers check out this an incredible opportunity for you. Development permit approved for 7 - unit townhouse complex. Situated on a spacious 60 by 200 feet flat lot, this property stands out among other multi-family developments in the area. The approved plans include a combination of 1 fourplex and 1 triplex, offering a total of 7 units. Each unit spans approximately 1300 square feet and features a single-car garage. The location of this development is highly advantageous, with close proximity to downtown amenities, such as the Penticton library, high school, SOEC, and Casino. Additionally, there is a currently occupied 2-bedroom, 1-bathroom home on the property. This home generates rental income of $2000 per month, providing a steady cash flow while you await the building permits. For more detailed information, please contact the listing realtor. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Rancher
  • Basement Type: Partial
  • Construction Style - Attachment: Detached
  • Exterior Finish: Other
  • Floor Space: 1175 sqft
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Other
  • Cooling Type:
  • Appliances: Range, Refrigerator, Dryer, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 1
  • Amenities Nearby: Golf Nearby, Recreation, Schools, Shopping
  • Built in: 1954
  • Features: Level lot
  • Floor Space (approx): 1175 Square Feet
  • Landscape Features:
  • Lot Frontage: 60.0 Feet
  • Sewer: Municipal sewage system
  • Parking Type: Carport

Rooms:

  • Laundry Basement Level 10'0'' x 5'0''
  • Primary Bedroom Main Level 14'0'' x 10'0''
  • Living Main Level 14'0'' x 12'0''
  • Kitchen Main Level 16'0'' x 16'0''
  • Dining Main Level 9'0'' x 9'0''
  • Bedroom Main Level 12'0'' x 10'0''
  • Bathroom Main Level Measurements not available

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

REALTOR.ca  

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Location of 924 FAIRVIEW Road, Penticton, British Columbia, V2A 5Y8

Demographic Information of 924 FAIRVIEW Road, Penticton, British Columbia, V2A 5Y8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,551.01

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.56 %

High school certificate or equivalent

35.29 %

Apprenticeship trade certificate/diploma

9.92 %

College/non-university certificate

18.03 %

University certificate (below bachelor)

0.77 %

University Degree

14.43 %

Commuter

Travel To Work

By Car

75.5 %

By Public Transit

2.45 %

By Walking

16.48 %

By Bicycle

2.52 %

By Other Methods

3.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.7 %

Houses

34.3 %

Own Vs. Rent

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