737 Ontario Street
Penticton, British Columbia
MLS® 10400051
$1,399,999
- Status
- Active
- Property type
- House
- MLS® number
- 10400051
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1969
1 / 6Listing description
INCOME AND DEVELOPMENT OPPORTUNITY Full duplex situated on a generous 8200sqft corner lot in Penticton, featuring two separate 2-bedroon, 1-bathroom units, both currently tenanted. The property has been partially updated and offers lots of open off-street parking with a large yard. This is an excellent opportunity for investors looking to generate rental income while holding a substantial development parcel.
The property is currently zoned for potential 4-unit redevelopment, creating an exciting opportunity to explore future development while benefiting from the existing rental income. This is a great option for those looking to hold, generate income and develop in the future. Properties offering this combination of an existing full duplex, large corner lot and redevelopment potential don't come along often!
(Purchaser to verify zoning, permitted uses, development potential, servicing requirements and all other details regarding future development potential and opportunities directly with City of Penticton.)
Property summary
- MLS® number
- 10400051
- Property type
- Single Family
- Building type
- Duplex
- Square footage
- 700 sq ft
- Title
- Freehold
- Built in
- 1969
- Annual property taxes
- $4,537.89
- Parking
- Additional Parking
- Days on market
- 9 days
Features & details
- Heating
- Baseboard heaters, Electric
What would this home cost you?
Based on the $1,399,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Canada Flex Realty Group Ltd., Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.