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303 NANAIMO Avenue

$725,000 |  Beds |  Baths |

303 NANAIMO Avenue

MLS #10303526

Property Description

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:47466)

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MLS® Number:10303526
Full Address:303 NANAIMO Avenue, Penticton, British Columbia, V2A1N8
List Date:February 5th, 2024
Lot Size:0.1.00060 ac|under 1 acre

Property Specifications

Ownership Type:Freehold
Utility Sewer:Municipal sewage system
Water Service:Municipal water

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Agent: Geoff Cowling | Office: Royal Lepage Locations West
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