Exceptional 8-Unit Development Opportunity on Government Street. This prime property presents an excellent opportunity for developers or investors, with preliminary designs in place for two 4-plex development sites (8 units total). Conveniently located near the hospital, IGA, and public transit, the site offers both accessibility and strong future growth potential. Currently, the property features a home that is rented for $1,700 per month plus utilities, providing holding income while you plan your project. With the groundwork already underway and preliminary designs available, this is an ideal chance to move forward with a profitable development in a sought-after area. Whether you’re looking to build and sell, hold as a rental investment, or add to your portfolio, this property offers flexibility and strong upside. (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.
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.