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655 Ellis Street Penticton, British Columbia V2A 4M5

$1,199,000

Well located multi-family development site in downtown Penticton. One block off Main Street and steps from Penticton Secondary School. Penticton's new zoning bylaw, adopted June 18th, 2024, permits under the RM5 zoning up to 4 storeys and a FAR of 2.0 (up to 18,469 sf of developed, above ground area). The most significant change in the new zoning bylaw is the elimination of any on-site parking stalls required (nor cash-in-lieu required) for a development on RM5 zoned land fronting onto Ellis Street. Two neighboring lots may potentially be available as well, which would bring the total lot size to 0.423 acres. (id:60329)

Property Details

MLS® Number 10319703
Property Type Vacant Land
Neigbourhood Main North
RoadType Paved Road

Building

Type Other
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeIrregular 0.21
SizeTotal 0.21 Ac|under 1 Acre
SizeTotalText 0.21 Ac|under 1 Acre
ZoningType Unknown

Utilities

Electricity Available
Natural Gas Available
Sewer Available
Water Available

https://www.realtor.ca/real-estate/27194418/655-ellis-street-penticton-main-north

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