Area: British Columbia
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EXCEPTIONAL DOWNTOWN DEVELOPMENT OPPORTUNITY - Rare 0.75-acre development site in prime Penticton location at 249 Westminster Ave W. Just steps from Lake Okanagan and Penticton Lakeside Resort, Convention Centre & Casino. This strategically positioned property offers dramatic panoramic views of Okanagan Lake and sits in the heart of Penticton's thriving development corridor. Currently tenanted, providing immediate revenue while planning future development. Westminster Avenue West is experiencing significant growth with over $82 million in building permits issued in 2024, including major projects like Sokana and Westmin 795. The property offers tremendous flexibility for mixed-use development, high-density residential, commercial/retail, or hospitality projects. Established utilities and municipal services in place. Perfect for capitalizing on Penticton's growing recognition as the Okanagan Valley's next major development hub. The site's proximity to tourism infrastructure, combined with strong market fundamentals and established rental demand, creates an ideal foundation for a premium development project. Rare opportunity to acquire prime downtown land with lake proximity, urban amenities, and proven development potential in one of BC's most desirable markets. (id:44056)

Property Details

Full Address:
249 Westminster Avenue W, Penticton, British Columbia
Price:
$ 3,995,000
MLS Number:
10355374
List Date:
July 9th, 2025
Lot Size:
0.75 ac
Taxes:
$ 31,745

Interior Features

Building Features

Zoning:
Commercial
Taxes:
$ 31,745

Floors

Land

Lot Size:
0.75 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Listing Agent(s)

Listing: Kirk Chamberlain
Chamberlain Property Group

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