Address
575 ELLIS Street, Penticton, BC
Price
$ 849,900
Property Attributes
  • ID#190580
  • TypeSingle Family
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 4M4
  • Style
  • Price$ 849,900
  • Bedrooms0
  • Bathrooms2
  • Half Bathrooms1
  • Sqr Footage1284
Listing Provided Courtesy Of:
Peter Byrnes with Re/max Penticton Realty - Dt
Data Source:
RLP - CREA EN
Property Description

Hard to find multi-family development site in great location close to downtown core in Penticton. RM5 Zoning in place. Seller has City of Penticton development permit approval with pending building permit approval for an 8 unit purpose built rental building. Most due diligence has been completed on the project including: building plans, energy model and feasibility studies. Excellent return once the project is complete with estimated 5.6% Cap Rate. Developers can complete the project themselves or buy as a turnkey operation. Seller is willing to work with a qualified Buyer on build out of this project. See MLS 190588 for a turnkey, fully built and ready to rent new apartment building. This property can be sold individually or in conjunction with the neighboring property 583 Ellis Street, to allow a total of 16 rental units. Currently, there is an older house on the property that is utilized as a vacation rental. Excellent location & opportunity! Price PLUS GST. Dup ICI list#190584 (id:27)

Interior Features

Total Baths 2
Total Half Baths 1

Exterior Features

Jumpid 15514818
Mls 190580

Room Details

Room Dimensions Level Flooring Details
Bathroom Measurements not available 2nd Level
Bathroom Measurements not available Main Level
Den 9 ft x 6 ft 2nd Level
Den 12 ft x 10 ft ,4 in Main Level
Den 13 ft x 12 ft 2nd Level
Kitchen 8 ft x 7 ft Main Level
Other 15 ft x 12 ft ,8 in Main Level
Other 7 ft x 7 ft Main Level

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in V2A 4M4

Price
AVG $850K
$850K
Visits
AVG 268
267
Year Built
AVG 1945
1945
Walkscore
AVG 81
81
Data Provided by Walkscore ® not using MLS data