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457 Ellis Street | $825,000
Paul Grewal Agent Photo
Paul
Grewal
Crush Real Estate Group
 P. (778) 476-7778
 Phone Paul https://crushrealestate.ca/
CHAMBERLAIN PROPERTY GROUP
104 - 399 Main Street
 Penticton, BC
 Canada V2A 5B7

Details

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Years



Address 457 Ellis Street
AreaSouth Okanagan
Sub AreaPE - Main North
State/ProvinceBritish Columbia
CountryCanada
Price$825,000
Property TypeSingle Family - Detached
Bedrooms3
Bathrooms2
Half Baths0
Floor Space2670 Square Feet
Lot Size0.07 Acres
WaterfrontNo
Year Built1915
Taxes $5,242
Tax Year2024
MLS® #10324673

Welcome to a remarkable property situated in Penticton's mixed residential infill housing area. 457 Ellis is move-in ready, making it an ideal choice for both homeowners and investors alike for a holding property. This lot is zoned C5, allowing for 100% lot coverage and no setbacks, providing unparalleled flexibility for development. The zoning permits construction of approximately 8 stories or up to 36.6 meters in height, making it an exceptional opportunity for developers looking to capitalize on the growing demand for residential and commercial spaces in this vibrant area. Nestled in the flat central part of Penticton, this property boasts a highly walkable environment. It is conveniently located near the local high school, a variety of local shops and restaurants, all surrounded by thriving businesses that contribute to the neighbourhood's ongoing gentrification. This property represents a unique opportunity to invest in one of Penticton's most sought-after areas. With its prime location, flexible zoning, and proximity to key amenities, it is perfectly positioned for future development. Don’t miss your chance to be part of the exciting growth in downtown Penticton, contact us today for more information!

Listed by ROYAL LEPAGE LOCATIONS WEST

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About

Born and raised in Penticton, Paul spent his childhood summers working with his family on their Naramata orchard.

After high school, Paul tackled his first agricultural project – his own 18-acre orchard on the Naramata Bench. Paul’s passion was ignited and he has remained true to that passion, becoming a local expert in orchard and vineyard properties.

Earlier in his career, with a degree in business and a focus on marketing, he integrated another passion, riding. With the help of a good friend, Freedom Bike Shop was born. After more than a decade selling, riding and fixing bikes, Paul met amazing people with even more amazing stories of how the little shop impacted their lives. Cycling is a focal point of Paul’s life.

Paul’s is a diverse real estate agent – able to work comfortably with home buyers, talk intelligently about orchards, vineyards and wineries, and understanding the complexities of commercial real estate and business sales. He has lived it all and understands real estate from the inside out.

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