I have listed a new property at 594 WINNIPEG STREET in Penticton.
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 representative for city services report. Two old houses on the property are currently rented to provide some carrying income until development.