Townhome-style fourplex investment opportunity on a quarter-acre. Close to many amenities. Stable tenants. Potential for expansion. Four-units of 1050 sq. ft. each. Each has 5 appliances, in-unit laundry, 2 large bedrooms, 2 bathrooms. Upgrades include windows, hot water tanks, fencing, exterior painting. One of the units has upgraded kitchen & bathroom cabinets, flooring, expanded second bathroom & gas fireplace. All four units have their own 930+ sq. ft. fenced yard/garden patio area including shed. Site is zoned RM2. Bonus value: spacious parking area off laneway has potential to add a second fourplex, according to city staff. Rev. at over $4000 per month, currently below market rate. Great location: steps to Events Centre, Rec Centre & elementary school. Three blocks to beach & downtown. For complete package call listing agent. Do not disturb tenants, appointments a must. 4200 sq.ft. is for whole building; room measurements are per unit. DUPLICATE LISTING#170202 - SINGLE FAMILY (id:2493)More details
and JULIUS BLOOMFIELD
of ROYAL LEPAGE LOCATIONS WEST
DEVELOPER ALERT: 594 and 600 WINNIPEG ST. Valuable 21,600 sq ft of RM3 zoned land in the centre of Penticton.
Zoning allows for 18m height, 5 storeys, 50% site coverage, FAR is 1.2 = 25,920 sq ft.
At the list price that equals $44.36 per allowable sq ft.
The city is reviewing a proposal to change RM3 to 6 storeys and 1.5 FAR.
All main services are available, please see the listing realtor for city services report.
Two old houses on the property are currently rented to provide some carrying income until development.More details
Listing information last updated on February 22, 2018
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