Exceptional 8-Unit Development Opportunity on Government Street. This prime property presents an excellent opportunity for developers or investors, with preliminary designs in place for two 4-plex development sites (8 units total). Conveniently located near the hospital, IGA, and public transit, the site offers both accessibility and strong future growth potential. Currently, the property features a home that is rented for $1,700 per month plus utilities, providing holding income while you plan your project. With the groundwork already underway and preliminary designs available, this is an ideal chance to move forward with a profitable development in a sought-after area. Whether you’re looking to build and sell, hold as a rental investment, or add to your portfolio, this property offers flexibility and strong upside. (id:4069)
Address
1266 GOVERNMENT Street
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
3
Bathrooms
1
Floor Area
2,066 Sq. Ft.
Lot Size
0.19 Ac.
Year Built
1930
MLS® Number
10361847
Listing Brokerage
RE/MAX Penticton Realty
| Homelife Benchmark Titus Realty
Basement Area
Cellar
Postal Code
v2a4v4
Site Influences
Schools, Shopping