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$699,000

Est. payment - /mo

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3 Beds

2 Baths

1,966 SqFt

Active

1049 Government Street Penticton, BC V2A4T9

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Andrew Loewen

andrew.loewen@exprealty.com +1(250) 801-6713

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1966

Square Footage 1,966 sqft

Price per Sqft $355

Subdivision Main North

MLS® Listing ID 10386049

Style Ranch

Bedrooms 3

Half Baths 1

Year Built 1950

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Basement 22'4'' x 20'8'' Recreation room

Extra Room 2 Basement Measurements not available 2pc Bathroom

Extra Room 3 Basement 9'0'' x 8'3'' Utility room

Extra Room 4 Basement 12'0'' x 14'10'' Den

Extra Room 5 Basement 9'0'' x 11'6'' Bedroom

Extra Room 6 Main level Measurements not available 4pc Bathroom

Interior

Heating , Forced air

Flooring Carpeted, Linoleum, Wood

Fireplaces Type Free Standing Metal

Exterior

Parking Features Yes

Fence Fence

View Y/N Yes

View Mountain view

Roof Type Unknown

Attached Garage No

Garage Yes

Private Pool No

Building

Lot Description Landscaped, Level

Story 1

Sewer Municipal sewage system

Architectural Style Ranch

Others

Ownership Freehold

Listed by Chamberlain Property Group

NEARBY SCHOOL & BUSINESS

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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1049 Government Street Penticton, BC V2A4T9

Andrew Loewen

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

1049 Government Street