About this home
Unique opportunity to acquire a C5 (Urban Centre Commercial) zoned vacant lot in a central Penticton location. Approximately 32' x 120' and 0.091 acres, the property benefits from lane access and offers potential for a variety of future uses permitted within the C5 zone. The adjoining 7-unit apartment property at 156 Nanaimo Avenue East is also available separately, creating an opportunity for an investor or developer to acquire both properties and control a larger site while benefiting from existing rental income next door. Conveniently located near downtown, shopping, restaurants, transit and amenities. An interesting opportunity as a standalone property or as part of a larger acquisition. Buyers to independently verify zoning, permitted uses and development potential with the City of Penticton.
Highlights & things to check
Highlights
- Vacant lot zoned C5 (Urban Centre Commercial), per the listing.
- Approximately 32' x 120' (0.091 acres) with lane access, per the listing.
- Municipal water and electricity are listed. Annual taxes are $6,768.
- Lake Okanagan is 690 m, the town centre 830 m and the recreation centre 600 m, straight-line.
- The adjoining 7-unit apartment at 156 Nanaimo Avenue East is listed separately, per the listing.
Things to check
- Confirm zoning, permitted uses and development potential with the City of Penticton, as the listing advises.
- Ask which other services, such as sewer and gas, are available to the lot, as they are not listed.
- Ask what approvals or permits would be needed before building on the lot.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 313 Van Horne Street
Neighbourhood scores
8.8 / 10Walk & bike score: 7.2 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $488,000
- MLS® number
- 10402001
- Property type
- Lot / land · Other · Vacant Land
- Ownership
- Freehold
- Lot size
- 0.09 acres · 0.09
- Annual taxes
- $6,768
- Community
- Main North, Penticton
Features
- Water
- Municipal water
- Utilities
- Electricity
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Listing information is provided by eXp Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.