Nguyen PREC*
129 Nanaimo Avenue W
Penticton, BC
Canada V2A 1N2
Details
Address | 525 Leathead Road |
Area | Central Okanagan |
Sub Area | RN - Rutland North |
State/Province | British Columbia |
Country | Canada |
Price | $898,000 |
Property Type | Single Family - Detached |
Bedrooms | 7 |
Bathrooms | 3 |
Half Baths | 0 |
Floor Space | 2695 Square Feet |
Lot Size | 0.21 Acres |
Waterfront | No |
Year Built | 1956 |
Taxes | $3,893 |
Tax Year | 2023 |
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
Location
About
Thank you for taking the time to read this section. I started this life journey in Vietnam for the first five years. My parents decided to leave their home country to start a new life in Canada, setting down roots in the most beautiful place in Canada, the Okanagan Valley. It was in Kelowna, the largest City in the Okanagan, where I grew up with my two younger brothers. While attending the local college I met my beautiful wife, Diane. I moved south to her hometown of Penticton and we've had two amazing kids who keep us busy!
My work journey started with many retail outlets but my career began in the banking industry, where I spent almost five years. I departed from the bank to try my hands at a Notary office and learn the back end of real estate. This is where I gained knowledge of land transfers and mortgage registrations. Eventually, I left the Notary office and became a mortgage broker and this experience gave me invaluable insight into underwriting loans, and procuring mortgages that fit my clients finances. While I was a mortgage broker, I felt I could provide honest, reliable and professional advice to buyers/sellers and that I could truly make a difference to those that wanted to buy or sell a home. After seeing my brother assist his clients as a realtor, I decided to make the move.
Buying or selling a home can be stressful, tiring and overwhelming. I fully understand this and so my primary mission is to ensure my clients have as smooth of a transaction as possible. To do this, I believe going above and beyond at every step of the process. I feel building a relationship with all of my potential and maintaining that relationship with my current clients is the key to accomplishing this mission. I view all my clients as good friends, and as such will do whatever it takes to help them out.
I am grateful and blessed to be able to live in a wonderful city and assist my friends in buying or selling their homes. If you or anyone else you know are interested in moving forward with buying or selling, please consider my services.