$1,399,999

737 Ontario Street, Penticton V2A4S4

4 Beds 2.0 Bath 700 Sq Ft Built 1969

Duplex

Listed by: Canada Flex Realty Group Ltd..

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Description

INCOME AND DEVELOPMENT OPPORTUNITY Full duplex situated on a generous 8200sqft corner lot in Penticton, featuring two separate 2-bedroon, 1-bathroom units, both currently tenanted. The property has been partially updated and offers lots of open off-street parking with a large yard. This is an excellent opportunity for investors looking to generate rental income while holding a substantial development parcel. The property is currently zoned for potential 4-unit redevelopment, creating an exciting opportunity to explore future development while benefiting from the existing rental income. This is a great option for those looking to hold, generate income and develop in the future. Properties offering this combination of an existing full duplex, large corner lot and redevelopment potential don't come along often! (Purchaser to verify zoning, permitted uses, development potential, servicing requirements and all other details regarding future development potential and opportunities directly with City of Penticton.) (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Parking: Additional Parking

Structure: Duplex

Annual Taxes: $4,538

Property Details

Property Type	Duplex
Sub Type	Single Family
Bedrooms	4
Bathrooms	2.0
Living Area	700 sq ft
Year Built	1969
Stories	2.0
Listing ID	10400051

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737 Ontario Street, Penticton
MLS® 10400051 · $1,399,999

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

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Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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