Attention Investors and Developers check out this an incredible opportunity for you. Development permit approved for 7 - unit townhouse complex. Situated on a spacious 60 by 200 feet flat lot, this property stands out among other multi-family developments in the area. The approved plans include a combination of 1 fourplex and 1 triplex, offering a total of 7 units. Each unit spans approximately 1300 square feet and features a single-car garage. The location of this development is highly advantageous, with close proximity to downtown amenities, such as the Penticton library, high school, SOEC, and Casino. Additionally, there is a currently occupied 2-bedroom, 1-bathroom home on the property. This home generates rental income of $2000 per month, providing a steady cash flow while you await the building permits. For more detailed information, please contact the listing realtor. (id:2493)
Listed by RE/MAX Penticton Realty and Homelife Benchmark Titus Realty
Data was last updated September 5, 2025 at 06:45 PM (UTC)
Area Statistics
Listings on market:
175
Avg list price:
$699,000
Min list price:
$169,000
Max list price:
$3,495,000
Avg days on market:
65
Min days on market:
1
Max days on market:
500
Avg price per sq.ft.:
$411.18
These statistics are generated based on the current listing's property type
and located in
Main North. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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