Penticton Land Properties for Sale

Penticton Land for Sale

101 Martin St and 98 Winnipeg St

Land for Sale
$4,533,000 CAD
0.75 AC
2 Land Properties

Penticton Portfolio of properties for Sale

Exceptional opportunity to purchase a ±0.95 acres development site suitable for condominiums or purpose built rental apartments. Current zoning: P1. The Property is offered in its current zoning. The Seller will consider offers conditional upon the Buyer obtaining rezoning to C5 (Urban Centre Commercial). C5 zoning allows gross FAR of up to 6.0, providing meaningful density potential. Dual site access via Martin Street and Winnipeg Street. No minimum parking requirements under C5 zoning, enhancing developable efficiency and project economics. Ground-floor commercial required, with residential permitted above, aligning with modern mixed-use urban development trends. List price equates to ~$110/SF of land. Occupancy required through end of 2026; flexible closing/leaseback options available. CMHC-reported Penticton rental vacancy rate of approximately 2.6%, underscoring strong rental demand fundamentals.

Contact:

HM Commercial Group

Date on Market:

2026-03-02

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400 Westminster Av W

Penticton, BC V2A 1K5

Land for Sale
Price Upon Request
0.42 AC Lot

Penticton Land for Sale

The subject site is located at the intersection of Westminster Avenue W and Haynes Street in the City of Penticton, BC. Penticton is situated between Lake Okanagan and Lake Skaha and is centrally located on the Highway 97 Wine Route, Penticton is easily accessed from the Trans-Canada Highway, Highway 3 and other major B.C. and Washington state highways. Penticton is known for its beaches, wine and orchards, not to mention a wide range of outdoor recreational activities.