Property Description
Highlights
This is an excellent opportunity to develop townhouses in the most sought after area of Penticton for young families.
- 18,500 sq ft. of potential RM2 – Low Density Multiple Housing with an FAR of .8
- Ability to build 14,800 sq ft, or up to 10 townhomes
- Penticton has a very low vacancy rate, last year around 1.0%
- Forecasted 2% population growth, and rental properties are in high demand
- City very supportive of higher density development
- Walking distance to Schools, Parks and many other ammenities.
- Build for $250 per foot, sell for $500
Opportunity
Parcel View
18540 square foot parcel in a fast developing neighbourhood.
Property Report
Penticton OCP
Future Land Use designated Ground Oriented Residential,
or RM2, RM5 zonng.
Penticton Zoning Bylaw
RM2 Zoning in COP, FAR 0.8