Simpson*
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9
Details
| Address | 525 Leathead Road |
| Area | Central Okanagan |
| Sub Area | RN - Rutland North |
| State/Province | British Columbia |
| Country | Canada |
| Price | $898,000 |
| Property Type | Single Family - Detached |
| Bedrooms | 7 |
| Bathrooms | 3 |
| Half Baths | 0 |
| Floor Space | 2695 Square Feet |
| Lot Size | 0.21 Acres |
| Waterfront | No |
| Year Built | 1956 |
| Taxes | $3,893 |
| Tax Year | 2023 |
| MLS® # | 10326953 |
Priced BELOW ASSESSMENT VALUE!! Attention Buyers, Investors, and Developers: Discover this well-maintained, income-producing 7-bedroom, 3-bathroom home that offers multiple opportunities. Live in it, rent it out for high income, or redevelop it with land assembly potential in the Rutland Urban Center-UC4 Zoning! Enjoy breathtaking mountain views from this dream home situated on a generous 0.21-acre lot. The home features updates throughout, including efficient in-floor hot water heating and premium air conditioning, and offers a separate entrance for the 3-bedrooms below, making it perfect for multi-family living or rental purposes. The spacious, fully fenced yard provides ample parking space for a boat, RV, and more, enhancing its appeal. Furnishings can be included for a turnkey investment. The lot spans approximately 9,147 sqft (70x142), offering abundant potential for future development, whether you choose to redevelop this single lot or consider assembling adjacent lots for a larger-scale project. This property is ideally located just minutes away from parks, schools, shopping, and recreational facilities, making it suitable for student housing or generating lucrative rental income while awaiting land assembly. Don't miss the chance to secure a place in this burgeoning development landscape, with the added bonus of a potential land assembly opportunity.
Listed by RENNIE & ASSOCIATES REALTY
Location
About
Shannon Simpson epitomizes honesty, energy, hard work, and meticulous detail into every aspect of your real estate transaction. Having thirty years of sales and marketing experience in a variety of leadership roles across Canada, he is eager to bring his strong business background and negotiating skillset to every RE/MAX client he represents, both from a “sellers” and “buyers” perspective.
Before joining the RE/MAX team, Simpson held positions as Publisher & General Manager, Advertising Sales Director, Marketing Director, and Sales & Service Director. He prides himself on a keen ability to drive sales and customer satisfaction while helping his clients become more successful along the way. Communicator, strategic partnership leader, facilitator, and community advocate are words easily associated with Simpson in his daily work life.
He jumped at the opportunity to join RE/MAX and their talented group of high-performing professionals. He is acutely aware of the dynamics and diversity that make up the very competitive Okanagan Valley real-estate landscape, having spent time in all three major cities of Penticton, Kelowna, and Vernon. He is committed to bringing the same level of professionalism, consistency, and passion to every client, customer, and sales associate he has the pleasure to work with.
Shannon is married to his wife Liza, and together they have three sons. He is an avid golf enthusiast and has spent many weekends over the past few years with Liza on the golf course watching the boys compete in golf tournaments across Western Canada.
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