707 WESTMINSTER Avenue

$2,300,000

191661
MLS#

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Description

Contingent. Excellent investment and development opportunity! This long-time Penticton motel is bordering the city North Gateway plan for future growth and expansion. Currently zoned CT1 with rezoning possibilities for multifamily development under the OCP. Duplexes, cluster housing , fourplexes, townhouses, and bare land strata developments up to 3 ½ storeys all fall under future designations. This .47-acre site is just steps to the Okanagan Convention Center, SOEC, and only 1 ½ blocks to Okanagan Lake.

Overview

  • Price $2,300,000
  • MLS # 191661
  • Age 1975
  • Water Municipal water
  • Sewer Municipal sewage system

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