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1049 Government Street, Penticton
2025-07-18
Quick Summary
- Location
- 1049 Government Street, Penticton, British Columbia V2A4T9
- Price
- $749,900
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1966 sqft
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year of Construction:
- 1950
MLS®#10356548
Property Description
Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Recreation, Shopping
Building
- Appliances: Refrigerator, Dryer, Range - Electric, Washer
- Architectural Style: Ranch
- Basement Type: Full
- Construction Style: Detached
- Exterior Finish: Stucco, Wood siding
- Fireplace: Yes
- Flooring Type: Carpeted, Linoleum, Wood
- Interior Size: 1966 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Level lot, Treed, One Balcony
Land
- Land Size: 0.29 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Chamberlain Property Group
Listing information last updated on: 2025-11-12 19:51:07
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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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