285 Waterford Avenue | $695,000
Geoff Cowling Agent Photo
Geoff
Cowling
C. (250) 490-7272
P. (250) 493-2244
Phone Geoff http://www.geoffcowling.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
Penticton, BC
Canada V2A 5C5

Details

%
Years (35 year max)
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


Location

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About

Geoff Cowling has been helping clients make good real estate decisions since 1986, selling hundreds of properties in all kinds of market conditions. He has been a landlord, tenant, house and condo owner, vacation homeowner, strata corporation chairman, investor, renovator, general contractor on his family home, and a relocation buyer and seller. This helps him to understand your situation, and then help you to find a solution. This experience, and attention to detail, will help you to avoid costly and time consuming problems, giving you a real edge in a competitive market place.

Geoff is a Diamond Award winner, honouring the top 3% of all Royal LePage REALTORS® in Canada. He also served a five year term at the South Okanagan Real Estate Board, serving as Chair of the Professional Standards Committee, Chair of the Finance Committee, Vice-President, and then as President of the 300+ REALTOR® Board.

When not working, Geoff is an avid life-long skier, and also enjoys golf, mountain biking, hiking, and keeping fit. He appreciates time with his wife Lisa, and daughters Melissa and Emily. He is a long time supporter of the Children's Miracle Network, the Royal LePage Shelter Foundation, and volunteered for years in the Soupeteria soup kitchen.

Much of Geoff's business involves repeat clients, and people he has met through a word-of-mouth recommendation. You will always feel well informed, and able to make decisions in a pressure-free environment, that's a promise.

Geoff would enjoy the opportunity to help you, when you feel the time is right!