Address
575 ELLIS Street Penticton, BC
Price
$ 849,900
Property Attributes
  • ID#190584
  • TypeIndustrial
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 4M4
  • Style
  • Price$ 849,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size3,877 SqFt
Listing Provided Courtesy Of:
Re/max Penticton Realty - Dt
Data Source:
Canadian Real Estate Association
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 RES list#190580 (id:7434)

General Features

Ammenities Recreation, Shopping, Schools, Public Transit
Building Type Other
Features Central location, Visual exposure, Flat site
More Information Link https://www.realtor.ca/real-estate/23466274/575-ellis-street-penticton-main-north
Neighbourhood Main North
Ownership Type Freehold
Property Type Industrial

Interior Features

Building Fireplace Present False
Building Heating Type Forced air

Exterior Features

Land Amenities Recreation, Shopping, Schools, Public Transit
Sewer Municipal sewage system

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 Industrial Average in V2A 4M4

Price
AVG $1.72M
$850K
Visits
AVG 12
12
Year Built
AVG 1945
1945
Walkscore
AVG 81
81
Data Provided by Walkscore ® not using MLS data