LOADING

156 Nanaimo Avenue, Penticton, British Columbia V2A 1M3

Steam Radiator

$1,999,900

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:22648)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number 189976
Property Type Multi-family
Neigbourhood Main North
Amenities Near By Shopping, Public Transit
Features Central Location, Corner Site, Flat Site
Road Type No Thru Road

Building

Constructed Date 1940
Heating Type Steam Radiator
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Shopping, Public Transit
Sewer Municipal Sewage System
Size Irregular 0.273
Size Total 0.273 Ac|under 1 Acre
Size Total Text 0.273 Ac|under 1 Acre

https://www.realtor.ca/real-estate/23326672/156-nanaimo-avenue-penticton-main-north

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