1049 Government Street, Penticton | $897,000

New multi-unit zoning with future approval for even higher density. This exceptional property presents an incredible opportunity for savvy investors and developers seeking a strategic investment in a thriving neighborhood. With its vintage charm, generous property and mountain views, this 4 bedroom, 2 bath clean and functional home can be an income-generating asset as a holding property while finalizing plans to capitalize on its potential. Future residents will enjoy the convenience of being just moments away from beach, schools, parks, restaurants and shops, enhancing the overall attractiveness of your future development. With the City's focus on rezoning and densification, there are several structural opportunities that can be built on this lot. Entire lot is fully fenced and has 2 access points from the front and the lane way. Several fruit trees also outline this expansive property. Vacant, quick possession available.

Description

New multi-unit zoning with future approval for even higher density. This exceptional property presents an incredible opportunity for savvy investors and developers seeking a strategic investment in a thriving neighborhood. With its vintage charm, generous property and mountain views, this 4 bedroom, 2 bath clean and functional home can be an income-generating asset as a holding property while finalizing plans to capitalize on its potential. Future residents will enjoy the convenience of being just moments away from beach, schools, parks, restaurants and shops, enhancing the overall attractiveness of your future development. With the City's focus on rezoning and densification, there are several structural opportunities that can be built on this lot. Entire lot is fully fenced and has 2 access points from the front and the lane way. Several fruit trees also outline this expansive property. Vacant, quick possession available.

General Info


MLS Listing ID: 10318482 Bedrooms: 4 Bathrooms: 2 Year Built: 1950
Parking: See Remarks Heating: Forced air Lotsize: 0.29 ac|under 1 acre Air Conditioning : N/A
Home Style: N/A Finished Floor Area: Carpeted, Linoleum, Wood Fireplaces: N/A Basement: Full

Amenities/Features


  • Level lot
  • Treed
  • One Balcony

MAP View


Street View


Get More Info



Mortgage Calculator




Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .