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285 Waterford Avenue | $695,000
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 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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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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