About 1266 Government Street
Exceptional 8-Unit Development Opportunity on Government Street. This prime property presents an excellent opportunity for developers or investors, with preliminary designs in place for two 4-plex development sites (8 units total). Conveniently located near the hospital, IGA, and public transit, the site offers both accessibility and strong future growth potential. Currently, the property features a home that is rented for $1,700 per month plus utilities, providing holding income while you plan your project. With the groundwork already underway and preliminary designs available, this is an ideal chance to move forward with a profitable development in a sought-after area. Whether you’re looking to build and sell, hold as a rental investment, or add to your portfolio, this property offers flexibility and strong upside. (id:6289)
1266 Government Street, MLS#: 10361847 is located in the Main North neighborhood of Penticton, British Columbia, Postal Code: v2a4v4. The Freehold home is 2,066 sq. ft. with 3 bedrooms and 1 bathrooms.
The Single Family Freehold property was constructed in 1930.
The property is currently listed at $799,000.
