I have listed a new property at 600 WINNIPEG STREET in Penticton.
DEVELOPER ALERT. 594 & 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. 2 old houses on the property are currently rented to provide some carrying income until development.
