402 CONKLIN Avenue, Penticton | $849,000

Prime Investment Opportunity: 3-Bedroom Home with Updated Development Potential Explore this exceptional 3-bedroom, 1-bathroom home, ideally situated on a generous 0.26-acre lot in a highly sought-after city-center location. The property features a flat, accessible layout with ample parking, a detached garage, and dual access via both city streets and a laneway. Inside, the home offers a versatile floor plan, ready for your custom touches. The expansive lot provides a peaceful setting with plenty of space for outdoor living or future expansion. Investor Alert: Recent municipal zoning updates in British Columbia now allow up to four residences per property without requiring additional zoning changes. This makes the property a standout option for developers and investors looking to capitalize on the new regulations. The ability to add multiple residences maximizes the investment potential, transforming this property into a lucrative opportunity in a rapidly evolving market. Don???t miss out on this rare chance to own or develop in one of the city???s most desirable locations. Whether for personal use or as a strategic investment, this property offers endless possibilities. Act now to secure your future in this prime city locale.

Description

Prime Investment Opportunity: 3-Bedroom Home with Updated Development Potential Explore this exceptional 3-bedroom, 1-bathroom home, ideally situated on a generous 0.26-acre lot in a highly sought-after city-center location. The property features a flat, accessible layout with ample parking, a detached garage, and dual access via both city streets and a laneway. Inside, the home offers a versatile floor plan, ready for your custom touches. The expansive lot provides a peaceful setting with plenty of space for outdoor living or future expansion. Investor Alert: Recent municipal zoning updates in British Columbia now allow up to four residences per property without requiring additional zoning changes. This makes the property a standout option for developers and investors looking to capitalize on the new regulations. The ability to add multiple residences maximizes the investment potential, transforming this property into a lucrative opportunity in a rapidly evolving market. Don???t miss out on this rare chance to own or develop in one of the city???s most desirable locations. Whether for personal use or as a strategic investment, this property offers endless possibilities. Act now to secure your future in this prime city locale.

General Info


MLS Listing ID: 10322605 Bedrooms: 3 Bathrooms: 1 Year Built: 1965
Parking: N/A Heating: Baseboard heaters Lotsize: 0.26 ac|under 1 acre Air Conditioning : Wall unit
Home Style: N/A Finished Floor Area: Carpeted Fireplaces: N/A Basement: Crawl space

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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 .