1049 Government Street Penticton, British Columbia V2A 4T9
$749,900
Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:60329)
Property Details
| MLS® Number | 10356548 |
| Property Type | Single Family |
| Neigbourhood | Main North |
| Amenities Near By | Park, Recreation, Shopping |
| Features | Level Lot, Treed, One Balcony |
| View Type | Mountain View |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Appliances | Refrigerator, Dryer, Range - Electric, Washer |
| Architectural Style | Ranch |
| Basement Type | Full |
| Constructed Date | 1950 |
| Construction Style Attachment | Detached |
| Exterior Finish | Stucco, Wood Siding |
| Fireplace Present | Yes |
| Fireplace Type | Free Standing Metal |
| Flooring Type | Carpeted, Linoleum, Wood |
| Half Bath Total | 1 |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 1 |
| Size Interior | 1,966 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| See Remarks |
Land
| Access Type | Easy Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Recreation, Shopping |
| Landscape Features | Landscaped, Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 65 Ft |
| Size Irregular | 0.29 |
| Size Total | 0.29 Ac|under 1 Acre |
| Size Total Text | 0.29 Ac|under 1 Acre |
| Zoning Type | Unknown |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 9'0'' x 11'6'' | ||
| Basement | Den | 12'0'' x 14'10'' | ||
| Basement | Utility Room | 9'0'' x 8'3'' | ||
| Basement | 2pc Bathroom | Measurements not available | ||
| Basement | Recreation Room | 22'4'' x 20'8'' | ||
| Main Level | Kitchen | 9'5'' x 10'0'' | ||
| Main Level | Living Room | 12'3'' x 14'4'' | ||
| Main Level | Dining Room | 9'7'' x 8'5'' | ||
| Main Level | Primary Bedroom | 10'5'' x 10'6'' | ||
| Main Level | Bedroom | 10'5'' x 10'3'' | ||
| Main Level | 4pc Bathroom | Measurements not available |
https://www.realtor.ca/real-estate/28624596/1049-government-street-penticton-main-north
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July 18 2025 04:34:49
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Chamberlain Property Group