525 Leathead Road | $898,000
Sergej Sinicin* Agent Photo
Sergej
Sinicin*
C. (236) 300-2737
P. (833) 817-6506
Phone Sergej http://www.neuhouzz.ca
EXP REALTY
645 Main Street
Penticton, BC
Canada V2A 5C9

Details

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Years (35 year max)
Years



Address 525 Leathead Road
AreaCentral Okanagan
Sub AreaRN - Rutland North
State/ProvinceBritish Columbia
CountryCanada
Price$898,000
Property TypeSingle Family - Detached
Bedrooms7
Bathrooms3
Half Baths0
Floor Space2695 Square Feet
Lot Size0.21 Acres
WaterfrontNo
Year Built1956
Taxes $3,893
Tax Year2023
MLS® #10322993

Priced BELOW ASSESSMENT VALUE!! Attention Buyers, Investors, and Developers: Discover this well-maintained, income-producing 7-bedroom, 3-bathroom home that offers multiple opportunities. Live in it, rent it out for high income, or redevelop it with land assembly potential in the Rutland Urban Center-UC4 Zoning! Enjoy breathtaking mountain views from this dream home situated on a generous 0.21-acre lot. The home features updates throughout, including efficient in-floor hot water heating and premium air conditioning, and offers a separate entrance for the 3-bedrooms below, making it perfect for multi-family living or rental purposes. The spacious, fully fenced yard provides ample parking space for a boat, RV, and more, enhancing its appeal. Furnishings can be included for a turnkey investment. The lot spans approximately 9,147 sqft (70x142), offering abundant potential for future development, whether you choose to redevelop this single lot or consider assembling adjacent lots for a larger-scale project. This property is ideally located just minutes away from parks, schools, shopping, and recreational facilities, making it suitable for student housing or generating lucrative rental income while awaiting land assembly. Don't miss the chance to secure a place in this burgeoning development landscape, with the added bonus of a potential land assembly opportunity.


Listed by RENNIE & ASSOCIATES REALTY


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About

Sergej was born in Riga, Latvia.  At the young age of 16, he ventured out on his own and moved to Canada with only $200 in his pocket.  He later married a local girl from Saskatchewan and together they worked tirelessly to build and establish several successful businesses.  Destined for new beginnings, Sergej and his wife, Laura, capitalized and sold two of their companies in 2012, planning to retire in the heart of the beautiful Okanagan (Penticton) at an early age of 34.

Applying his "3-D" principles (Discipline/Desire/Dedication) along with his core values of integrity, accommodating the needs of his clients, and delivering “Above-and-Beyond” service, Sergej has been successful in all of his past business endeavors.

Sergej has a strong background in house construction, metal fabrication, sales, and marketing.  His fluency in English, Russian and Latvian has been supportive in his experience, allowing him to improve business relationships with foreign clients. Another one of Sergej's core values is to give back to the community, which led him to join a local volunteer Fire Department in 2013.  He is very passionate about this and feels fortunate to be a part of such an elite group of people.

The beautiful outdoors is one of the main reasons Sergej moved to the Okanagan with his family. In winter he enjoys carving through deep powder at Apex;  in summer you may find him on the water, behind a boat, enjoying a 'skookum wake' while surfing with friends and family.

Sergej Sinicin is a member of the Canadian Real Estate Association and subscribes to its strict Code of Ethics.