Development opportunity in a central Penticton location. This property sits on an approximately 8,450 sq. ft. lot and is currently improved with an older bungalow-style home and detached shop. The existing home requires work and is being offered primarily for its land and future potential. The property is zoned RM2 with OCP High Density designation, creating an excellent opportunity for developers, investors or builders looking to explore future redevelopment possibilities. The lot offers a central location with convenient access to Penticton amenities, services, transportation and recreation. Whether you are looking to undertake a substantial renovation or investigate redevelopment options, this property offers flexibility and potential in an established neighbourhood. Buyer to conduct their own due diligence regarding zoning, OCP designation, development potential, permitted uses, density and all municipal requirements. An opportunity to secure a well-located development property in Penticton with significant future potential. (id:2493)
Data was last updated August 14, 2026 at 12:15 PM (UTC)
Area Statistics
Listings on market:
120
Avg list price:
$392,500
Min list price:
$49,999
Max list price:
$3,300,000
Avg days on market:
71
Min days on market:
1
Max days on market:
1,367
Avg price per sq.ft.:
$375.38
These statistics are generated based on the current listing's property type
and located in
Main South. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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