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1580 Fairview Road, Penticton
2024-09-12
Quick Summary
MLS®#10323781
Property Description
**Development Opportunity on Fairview Road | .28 Acres Zoned RL-4** Prime development potential on Fairview Road. This expansive .28-acre lot zoned RL-4, is ideal for real estate developers, renovators or investors looking to take advantage of its future potential. The Official Community Plan (OCP) designates this property for commercial use, offering endless potential for redevelopment. Fronting on Fairview Road, this parcel boasts excellent visibility and close proximity to Highway 97—perfect for a range of commercial projects. The existing home includes a 3-bedroom, 1-bathroom home, which can be renovated, rented, or used as an income-generating property during the planning and development stages. The property also includes plenty of parking including a detached garage at the rear. Whether you’re looking to maximize the current zoning or explore its long-term commercial use potential, this lot offers both flexibility and prime positioning. Don’t miss out on a chance to capitalize on this unique opportunity in a high-traffic, growing area. *All boundaries shown are to highlight property location only, all borders are approximate and to be verified by the buyer. (id:32467)
Property Features
Building
- Architectural Style: Ranch
- Basement Type: Full
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Fireplace: No
- Interior Size: 1581 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 0.28 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Real Broker B.C. Ltd
Listing information last updated on: 2024-09-20 14:11:34
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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