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:4069)
Address
924 FAIRVIEW Road
List Price
$799,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Bedrooms
2
Bathrooms
1
Floor Area
1,175 Sq. Ft.
Lot Size
0.28 Ac.
Year Built
1954
MLS® Number
10361465
Listing Brokerage
RE/MAX Penticton Realty
| Homelife Benchmark Titus Realty
Basement Area
Partial
Postal Code
V2A5Y8
Site Influences
Golf Nearby, Recreation, Schools, Shopping
Features
Level lot
