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457 Ellis St 0.07 Acres of Commercial Land Offered at $657,500 CAD in Penticton, BC V2A 4M1
Investment Highlights
- Centrally located in downtown Penticton, one block east of Main Street
- Conceptual plans for mixed-use building with eight residential units and ground-floor commercial retail
- Easy access to Penticton Regional Airport and within a 5-hour drive from Vancouver
- High-density development site with C-5 zoning and proposed 6.0 FAR (3.5 FAR proposed)
- Close proximity to Lake Okanagan Beach, Penticton Lakeside Resort, and cultural and dining destinations
- Property to be delivered free and clear of all financial encumbrances
Executive Summary
Property Facts
| Price | $657,500 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.07 AC |
| Property Type | Land | ||
| Zoning | C5 - Urban Centre Commercial | ||
| Price | $657,500 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.07 AC |
| Zoning | C5 - Urban Centre Commercial |
1 Lot Available
Lot
| Price | $657,500 CAD | Lot Size | 0.07 AC |
| Price Per AC | $9,556,408.24 CAD |
| Price | $657,500 CAD |
| Price Per AC | $9,556,408.24 CAD |
| Lot Size | 0.07 AC |
Description
The subject property is located along Ellis Street, which is one block east of Penticton’s Main Street. Okanagan Lake Beach and Penticton Lakeside Resort and Conference Centre are both a short walk north. In addition to its close proximity to Lake Okanagan Beach, the property is also within close proximity to many amenities and service, such as grocery stores and restaurants. The property is a 10-minute drive from the Penticton Regional Airport, and a 5-minute drive from Penticton Regional Hospital. Penticton is a 5-hour drive northeast of Vancouver and just under an hour from Kelowna. The Penticton Regional Airport offers multiple daily flights to Vancouver, and weekly flights to Calgary. Seasonal flights are offered between Edmonton, typically in the summer months.
Presented by
457 Ellis St
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