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440 Westminster Avenue W, Penticton

MLS® #10394875
About this Property

In the heart of town, opportunity knocks. This large, RM2-zoned double lot offers exceptional potential for homeowners, investors, and developers alike. Located just steps from the beach, shopping, restaurants, and everyday amenities, the value here extends well beyond the existing home. The existing residence occupies one side of the property, while the second lot is ready for your vision, creating a rare opportunity to build while retaining, renovating, or reimagining the current home. Surrounded by newer homes and recent redevelopment, the property is ideally positioned for future development. RM2 zoning allows for a variety of residential possibilities, including the potential for a duplex or fourplex (buyer to verify with the municipality). Whether you're looking to renovate, invest, develop, or explore a combination of options, this property offers flexibility to match your vision. Large, centrally located development parcels are becoming increasingly difficult to find. With desirable zoning, a walkable location, a rare double lot, and multiple paths forward, this is an exceptional opportunity to secure a property with outstanding long-term potential. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$3,141

Parcel Number

008-249-687

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

0.14 acres

Fencing

Fence,Chain link

Building & Utilities

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

WaterSewerNatural GasElectricityCableTelephone

$550,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

eXp Realty

Mortgage Calculator
$110,000

Loan Amount:

$440,000

Estimated Monthly Payment:

$2,144

This is an estimate for informational purposes only. Consult with a financial advisor.