V2A Land Properties for Sale

V2A Land for Sale

457 Ellis St

Penticton, BC V2A 4M1

Land for Sale
$657,500 CAD
0.07 AC Lot

Penticton Land for Sale

To acquire a 2,997.27 square foot high density development site situated on a downtown lot in Penticton, BC.

Contact:

Macdonald Commercial

Property Subtype:

Commercial

Date on Market:

2026-05-06

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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.