Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:44056)

Property Details

Full Address:
1049 Government Street, Penticton, British Columbia
Price:
$ 699,000
MLS Number:
10386049
List Date:
May 4th, 2026
Lot Size:
0.29 ac
Year Built:
1950
Taxes:
$ 3,316

Interior Features

Bedrooms:
3
Bathrooms:
2
Half Bedrooms:
1
Total Rooms:
Appliances:
Washer, Refrigerator, Range - Electric, Dryer
Flooring:
Carpeted, Linoleum, Wood
Heating:
Forced air, Electric
Fireplaces:
1
Fireplace Type:
Free Standing Metal
Basement:
Full

Building Features

Architectural Style:
Ranch
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco, Wood siding
Garage:
Additional Parking
Ownership Type:
Freehold
Taxes:
$ 3,316

Floors

Finished Area:
1966 sq.ft.

Land

View:
Mountain view
Lot Size:
0.29 ac
Lot Features:
Level lot, Treed, One Balcony

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

powered by Ratehub.ca
Grant Klatik Personal Real Estate Corporation Chamberlain Property Group
250-809-0079
Request Listing Info

Is this your listing?Advertise With Us!

Listing Agent(s)

Lead Agent: Grant Klatik
Office: Chamberlain Property Group
Originating Board: Association of Interior REALTORS®

Similar Listings

No similar listings found.
More Main North Listings

ATTENTION REALTORS®

Claim your
Realtor® Profile

Join thousands of homebuyers using RealEstateGuide.com every month. Showcase your listings, contact details, website, and social media with a professional REALTOR® profile. Claim yours today!

Get started in less than 2 minutes.

  • Featured on RealEstateGuide.com
  • Reach buyers and sellers across BC
  • Professional REALTOR® profile
  • Upgrade anytime with print & digital advertising
CHOOSE YOUR PROFILE PACKAGE
Copyright © Real Estate Guide 2026 | Legal | Sitemap
Area Modal Trigger
X