Investment Property in 594 & 600 Winnipeg St, Penticton, British Columbia, Canada

Excellent Development Opportunity, 1/2 Acres Downtown

These two side by side properties equalling a total of 1/2 acres are being sold together as a development opportunity. They are located in the heart for the tourist town of Penticton BC, they are located 5 blocks away from Okanagan Lake. This area is the wine meca of Canada and is concidered Canada's e town is situated between two beautiful lakes, Okanagan Lake and Skaha Lake.
The properties have current rental incomes of $900.00 and $1000.00 which makes them good as a holding property, each having rentalable homes on them.
To maximize the potential of this 1/2 acre downtown development property a rezoning application will need to be approved changing the existing zoning from RM4 to a higher density and height restriction.
As a visual concept only a proposed sketch of a mixed use commercial/residential proposal has been added to the listing. This gives a better idea of the potenial and opportunity that awaits you.
This outstanding development site is flanked on each side by a church, which gives the visual character and the unobstucted north and south views.
Please feel free to contact us with any further questions.