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285 Waterford Avenue | $695,000
Philip Fox* Agent Photo
Philip
Fox*
P. (250) 492-2266
 Phone Philip https://www.instagram.com/pentictonrealestate/
RE/MAX PENTICTON REALTY
302 Eckhardt Avenue West
 Penticton, BC
 Canada V2A 2A9

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

Fox & Fox is a family team of Licenced Realtors working and living in the beautiful South Okanagan. Started by Len Fox in 1982, the team has expanded with the family over the years to include Philip Fox licenced since 2002, Diane Fox since 2006, and Stephen Fox since 2016. Len has since retired his licence but is an active consulting team member. Born and raised in Penticton we are all now raising our own families here and working to help our clients do the same. We specialise in new construction sales (condos, townhouses & single family homes) vineyards & wineries, commercial leases and sales & residential sales of every kind. If you are looking to buy/sell/lease in the South Okanagan let us put our local expertise to work for you. 

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