1049 Government Street, Penticton, British Columbia

About 1049 Government Street

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:6289)

More Info on this Main North House MLS® listing

1049 Government Street is a house listing for sale in Penticton. The MLS® number is 10386049. It was built in 1950, features 3 bedrooms, 2 bathrooms and covers 1,966 square feet. It's currently listed for $699,000. For more details on MLS® 10386049, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Main North is available now!

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