303 Nanaimo Avenue, Penticton, British Columbia V2A 1N8

Opportunity knocking! RM3 zoning. Bare land corner lot, house has been removed, building site ready to go. Corner lot is approx 55 feet frontage on Nanaimo Avenue plus 125 feet frontage on Brunswick Street, with lane access off Brunswick. Pancake flat lot on two quiet, no through roads, just a short walk to Lake Okanagan, Farmers' Market, all of downtown, several brew pubs, and walkable to South Okanagan Events Centre. Hospital is only a 5 minute drive away. All services and utilities are available at this downtown location. Development Variance Permit is in place, with side yard relaxations, valid until August 2024. Plans included for 4 three level townhomes with rooftop decks. It may be possible to add some lower suites if city relaxes further, the issue would mostly be parking. The city and the province want densification on new builds, our new reality in a housing crunch. This is a primo site in the heart of the action. Package available. (id:27476)

This corner lot property is a prime opportunity with RM3 zoning and freehold ownership. The house has been removed, leaving a bare land building site ready for development. Situated on two quiet, no through roads, the lot offers approximately 55 feet frontage on Nanaimo Avenue and 125 feet frontage on Brunswick Street, with lane access off Brunswick. It is conveniently located within walking distance to Lake Okanagan, the Farmers' Market, downtown area, brew pubs, and the South Okanagan Events Centre. The hospital is just a 5-minute drive away, and all services and utilities are available at this downtown location.

The property comes with a Development Variance Permit in place, including side yard relaxations valid until August 2024. Plans are also included for 4 three-level townhomes with rooftop decks. There is potential to add lower suites if the city further relaxes regulations, with the main concern being parking. The city and province are in favor of densification on new builds, making this property an ideal site for development in the heart of the action.

This property, located at 303 NANAIMO Avenue in Penticton, British Columbia, is for sale and offers a land size of 0.16 ac|under 1 acre. It is surrounded by amenities such as golf, recreation, and shopping, making it an attractive location for potential buyers. The postal code for this property is V2A1N8.