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285 Waterford Avenue | $695,000
Jonathan Wall* Agent Photo
Jonathan
Wall*
C. (604) 202-3771
 P. (778) 622-3446
 Phone Jonathan Jonathanwallrealestate.com
ENGEL & VOLKERS SOUTH OKANAGAN
467 Main Street
 Penticton, BC
 Canada V2A 5C4

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

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About

Thank you for visiting and trusting me with one of your most important financial transactions. Choosing the right REALTOR® is more than just a matter of price. Match yourself with the right professional that will guide you through an incredibly complex and likely stressful time. Ask questions and understand their process and how much attention and focus they can provide you and your home. 

 

I have been actively involved in the real estate market for over 20 years with experience in property investment, renovations, and vacation rentals. After a long career in Management with the Vancouver Canucks, I am excited to relocate to the Okanagan and apply my extensive business and analytics experience as a Real Estate Advisor. I have a long history in the Okanagan and am proud to have helped create and run the YoungStars hockey tournament in Penticton since its inception and currently sit as the Chair of the Local Organizing Committee of the event. I currently do regular segments on Sportsnet Vancouver Radio as well, providing additional attention and scope to my marketing efforts.

 

“I want to provide an elevated level of service and use over 20 years of professional experience to help my clients live their Okanagan dream. I connect directly into the major markets in Canada through an extensive professional and personal network while being a proactive presence in the Okanagan community.”

 

With a passion for living in the Okanagan, I am ready to help with your home buying and selling needs and as a proud member of the Engel & Völkers South Okanagan family, I carry the core values of competence, exclusivity, and passion into everything I do.

 

Living in Peachland, I can generally be found on a baseball diamond or soccer field with my kids and enjoying the many Okanagan beaches and lakes, mountain biking and golf.

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The User acknowledges and agrees that real estate information provided through the PCS system is general in nature and does not constitute the provision of trading services to a consumer as defined in the Real Estate Services Act.

"trading services" means any of the following services provided to or on behalf of a party to a trade in real estate:

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