Address
583 ELLIS Street Penticton, BC
Price
$ 849,900
Property Attributes
  • ID#190586
  • TypeSingle Family
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 4M4
  • Style
  • Price$ 849,900
  • Bedrooms2
  • Bathrooms1
  • Half Bathrooms0
  • Sqr Footage888
  • Lot Size4,008 SqFt
Listing Provided Courtesy Of:
Re/max Penticton Realty - Dt
Data Source:
Canadian Real Estate Association
Property Description

Hard to find multi-family development site in great location close to downtown core in Penticton. RM5 Zoning in place. Seller has City of Penticton development permit approval with pending building permit approval for an 8 unit purpose built rental building. Most due diligence has been completed on the project including: building plans, energy model and feasibility studies. Excellent return once the project is complete with estimated 5.6% Cap Rate. Developers can complete the project themselves or buy as a turnkey operation. Seller is willing to work with a qualified Buyer on build out of this project. See MLS 190589 for a turnkey, fully built and ready to rent new apartment building. This property can be sold individually or in conjunction with the neighboring property 575 Ellis Street to allow a total of 16 rental units. Currently, there is an older house on the property that is utilized as a vacation rental. Excellent location and opportunity! Price PLUS GST. Dup ICI list190587 (id:7434)

General Features

Building Type House
Foundation Type Concrete
More Information Link https://www.realtor.ca/real-estate/23466272/583-ellis-street-penticton-main-north
Neighbourhood Main North
Ownership Type Freehold
Property Type Single Family

Interior Features

Basement Development Unknown
Basement Type Cellar (Unknown)
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Forced air

Exterior Features

Building Roof Material Asphalt shingle
Building Roof Style Conventional
Exterior Finish Stucco
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 Single Family Average in V2A 4M4

Price
AVG $850K
$850K
Visits
AVG 40
33
Walkscore
AVG 81
80
Data Provided by Walkscore ® not using MLS data