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:44056)

Property Details

Full Address:
924 FAIRVIEW Road, Penticton, British Columbia
Price:
$ 799,000
MLS Number:
10361465
List Date:
September 3rd, 2025
Lot Size:
0.28 ac
Year Built:
1954
Taxes:
$ 5,966

Interior Features

Bedrooms:
2
Bathrooms:
1
Appliances:
Washer, Refrigerator, Range, Dryer
Air Conditioning:
See Remarks
Heating:
See remarks, Other
Basement:
Partial

Building Features

Architectural Style:
Ranch
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Other
Garage:
Carport
Ownership Type:
Freehold
Taxes:
$ 5,966

Floors

Finished Area:
1175 sq.ft.

Land

Lot Size:
0.28 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

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Listing Agent(s)

Listing: Amar Kahlon
RE/MAX Penticton Realty
Co-Listing: Harleen Lit
Homelife Benchmark Titus Realty

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