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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 1,399,999

Est. payment | -/mo

4 Beds

2 Baths

700 SqFt

Save

$ 1,399,999

Est. payment | -/mo

Save

4 Beds

2 Baths

700 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700

Square Footage 700 sqft

Price per Sqft $1,999

Subdivision Main North

MLS® Listing ID 10400051

Bedrooms 4

Year Built 1969

Property Sub-Type Freehold

Property Description

INCOME AND DEVELOPMENT OPPORTUNITY Full duplex situated on a generous 8200sqft corner lot in Penticton, featuring two separate 2-bedroon, 1-bathroom units, both currently tenanted. The property has been partially updated and offers lots of open off-street parking with a large yard. This is an excellent opportunity for investors looking to generate rental income while holding a substantial development parcel. The property is currently zoned for potential 4-unit redevelopment, creating an exciting opportunity to explore future development while benefiting from the existing rental income. This is a great option for those looking to hold, generate income and develop in the future. Properties offering this combination of an existing full duplex, large corner lot and redevelopment potential don't come along often! (Purchaser to verify zoning, permitted uses, development potential, servicing requirements and all other details regarding future development potential and opportunities directly with City of Penticton.) (id:24570)

Location

Province BC

Rooms

Kitchen 2.0

Extra Room 1 Second level 9'4'' x 7' 4pc Bathroom

Extra Room 2 Second level 10'9'' x 9'6'' Bedroom

Extra Room 3 Second level 12' x 11' Primary Bedroom

Extra Room 4 Second level 9'6'' x 9' Dining room

Extra Room 5 Second level 17'4'' x 12' Living room

Extra Room 6 Second level 9'6'' x 9' Kitchen

Interior

Heating Baseboard heaters,

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Canada Flex Realty Group Ltd.

737 Ontario Street Penticton, BC V2A4S4