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285 Waterford Avenue | $695,000
Al Vandermey Agent Photo
Al
Vandermey
C. (250) 809-4400
 P. (250) 494-0505
 Phone Al thevandermeys.ca
ROYAL LEPAGE PARKSIDE RLTY SML
Box 930, 9925 Main Street
 Summerland, BC
 Canada V0H 1Z0

Details

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Years



Address 285 Waterford Avenue
AreaSouth Okanagan
Sub AreaPE - Main North
State/ProvinceBritish Columbia
CountryCanada
Price$695,000
Property TypeSingle Family - Detached
Bedrooms4
Bathrooms1
Half Baths0
Floor Space1591 Square Feet
Lot Size0.33 Acres
WaterfrontNo
Year Built1956
Taxes $3,112
Tax Year2024
MLS® #10325345

This 0.33-acre development property offers an excellent opportunity for investors and developers to create a multi-family complex in a prime location. It is conveniently situated within walking distance of the Walmart Shopping Centre, Skaha Beach Park, and Skaha Lake. The property features easy access, with significant road frontage and alley access, providing flexible design options. The property has the potential to accommodate up to 10 residential units with a rezoning supported by city staff (buyers should conduct their own due diligence). It is located within the legislated transit area corridor, which eliminates parking requirements. Currently, the property generates $1,200 in monthly rental income from an older home on the site that has been abated with a hazardous assessment report. Don't miss this chance to invest in a well-positioned property with significant development potential.

Listed by RE/MAX PENTICTON REALTY

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

I was born on the West Coast of Beautiful British Columbia and now feel very fortunate to reside here in the South Okanagan.

Having almost 25 years of experience specializing in Real Estate in the communities of Summerland, Penticton, Naramata, OK Falls and Kaleden, I bring a multitude of skills to the table and a genuine desire to help my clients realize their dreams.

Prior to joining the Real Estate Industry in 1994, I gained valuable service experience as an in-flight service specialist for the airlines, which paved the way for a career in Real Estate.

"I learned how to provide my clients with unmatched service, second to none".

 Shannon here! Al is a tough negotiator, always working for you, and he gets the job done!

 


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