$699,000

1049 Government Street, Penticton

Main North, Penticton, BC V2A4T9

3 bd · 2 ba · 1,966 sq ft · Single-family home

Listed by Chamberlain Property Group · Grant Klatik

About this property

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:67417)

Property details

Price

$699,000

MLS® number

10386049

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

3

Bathrooms

2 (1 partial)

Living area

1,966 sq ft

Lot size

0.29 acres · 0.29

Frontage

65 feet

Year built

1950

Storeys

1

Annual taxes

$3,316

Community

Main North, Penticton

Features

Style

Ranch

Basement

Full

Heating

Forced air, Electric

Parking

Additional Parking

View

Mountain view

Fireplace

Free Standing Metal

Flooring

Carpeted, Linoleum, Wood

Roof

Asphalt shingle, Unknown

Exterior

Stucco, Wood siding

Appliances

Washer, Refrigerator, Range - Electric, Dryer

Lot

Level lot, Treed, One Balcony

Water

Municipal water

Sewer

Municipal sewage system

Fencing

Fence

Rooms

Level	Room	Size
Basement	Recreation room	20'8'' x 22'4''
Basement	2pc Bathroom
Basement	Utility room	8'3'' x 9'0''
Basement	Den	14'10'' x 12'0''
Basement	Bedroom	11'6'' x 9'0''
Main level	4pc Bathroom
Main level	Bedroom	10'3'' x 10'5''
Main level	Primary Bedroom	10'6'' x 10'5''
Main level	Dining room	8'5'' x 9'7''
Main level	Living room	14'4'' x 12'3''
Main level	Kitchen	10'0'' x 9'5''

View on map