$695,000
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:59282)
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Property Details
MLS® Number 10325345 Property Type Single Family Neigbourhood Main North AmenitiesNearBy Public Transit, Airport, Recreation, Schools, Shopping Features Level Lot -
Building
BathroomTotal 1 BedroomsTotal 4 ConstructedDate 1956 ConstructionStyleAttachment Detached CoolingType Central Air Conditioning ExteriorFinish Wood Siding HeatingType Forced Air, See Remarks RoofMaterial Asphalt Shingle RoofStyle Unknown StoriesTotal 1 SizeInterior 1591 Sqft Type House UtilityWater Municipal Water Parking
See Remarks Other RV -
Land
Acreage No LandAmenities Public Transit, Airport, Recreation, Schools, Shopping LandscapeFeatures Level Sewer Municipal Sewage System SizeIrregular 0.33 SizeTotal 0.33 Ac|under 1 Acre SizeTotalText 0.33 Ac|under 1 Acre ZoningType Unknown -
Rooms
Level Type Length Width Dimensions Main Level Kitchen 15'0'' x 10'0'' Main Level Primary Bedroom 13'7'' x 12'8'' Main Level Bedroom 10'4'' x 10'3'' Main Level Full Bathroom Measurements not available Main Level Bedroom 10'0'' x 6'6'' Main Level Bedroom 13'0'' x 10'3'' Main Level Living Room 16'0'' x 14'0'' Main Level Dining Room 14'0'' x 9'0''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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October 02 2024 07:20:16
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty
