Penticton one of the most beautiful cities of BC offers a very unique opportunity to the investors and developers to build a multistorey building in the downtown core of the city. This C5 zoned lot , which is only steps away from famous Lake Okanagan has the potential of High Density Residential ( Up to 12 Storeys) The City council supports it and is willing to work with the Developers with their unique ideas and vision. Existing approved DP plans provide a unique opportunity for a developer to take full advantage of C5 zoning. Build a 5 Storey high building with Commercial Space on the ground floor and 3 very spacious 2 bed room 2 bath room residential units on each upper floors. Super downtown Location which itself is very beautiful and only 5 minutes walking distance to famous Beaches of Okanagan Lake , City Park and Casinos. Perfect place for retirees or long time or short time investors. (id:2493)
Data was last updated April 26, 2025 at 06:45 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$2,445,000
Min list price:
$369,000
Max list price:
$3,350,000
Avg days on market:
37
Min days on market:
1
Max days on market:
232
These statistics are generated based on the current listing's property type
and located in
Main North. Average values are
derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.