Address
156 NANAIMO Avenue Penticton, BC
Price
$ 1,999,900
Property Attributes
  • ID#189976
  • TypeMulti-Family
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 1M3
  • StyleApartments
  • Price$ 1,999,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size11,892 SqFt
Listing Provided Courtesy Of:
Royal Lepage-Locations West
Data Source:
Canadian Real Estate Association
Property Description

Developers only. While this property has a 7-unit apartment building on two of the three lots (totaling 11892 sq. ft.) netting $49,000, we are not attempting to sell this as a revenue property - this is for development. It is in a unique, high-potential location 2 blocks east of downtown Penticton's Main Street and feet away from Penticton Creek that has a walking path right to Okanagan Lake. The site is singularly unique because the vehicular bridge that crosses the creek on Nanaimo Avenue slightly east of this property is slated to be removed next year and replaced with a pedestrian bridge, effectively making this a low-traffic area yet in the downtown hub. While zoned for high density, the city's Official Community Plan envisions less density - but the location could certainly warrant boutique high-end product fetching in excess of $1 million per unit, as proven by the townhouses near the river channel (Wylie Street). Note: Building showings once an offer is accepted. (id:7434)

General Features

Ammenities Shopping, Public Transit
Building Type Multi-Family
Business Sub Type Apartments
Business Type Residential
Features Central location, Corner Site, Flat site
More Information Link https://www.realtor.ca/real-estate/23326672/156-nanaimo-avenue-penticton-main-north
Neighbourhood Main North
Ownership Type Freehold
Property Type Multi-family
Road Type No thru road

Interior Features

Building Fireplace Present False
Building Heating Type Steam radiator

Exterior Features

Land Amenities Shopping, Public Transit
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in V2A 1M3

Price
AVG $2M
$2M
Visits
AVG 86
85
Year Built
AVG 1940
1940
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data