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$699,000
British Columbia,Penticton
For Sale Active
1049 Government Street, Penticton, British Columbia V2A4T9
  • 3
  • 2
  • 1,966 Sqft
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Basic Details
Description

Capitalize on Penticton’s booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot

with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton’s pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton’s strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don’t miss this opportunity to secure your stake in one of BC’s most desirable markets. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 10386049
  • Price: $699,000
  • Bedrooms: 3
  • Bathrooms: 2
  • Half Bathrooms: 1
  • View: Mountain view
  • Square Footage: 1,966 Sqft
  • Year Built: 1950
  • Status: Active
  • Property Sub Type: Single Family
  • Roof:
  • Office Key: 278127
Features & Appliances
Features
  • Heating System: Electric, Forced air
  • Basement: Full
  • Fence: Fence
  • Fireplace: Free Standing Metal
  • Parking: Additional Parking
  • Architectural Style: Ranch
  • Exterior Features: Stucco, Wood siding
  • Flooring: Wood, Linoleum, Carpeted
  • Sewer: Municipal sewage system
  • Fireplaces Total: 1
Address Map
  • Location: CA, British Columbia, Penticton, V2A4T9
  • Street: Government
  • Street Number: 1049
  • Street Suffix: Street
  • Longitude: W120° 25' 11.7''
  • Latitude: N49° 29' 24.2''
Additional Information
  • Water Source:
  • Lot Features:
  • Lot Size Dimensions: 0.29
  • Stories: 1.0
Financial
  • Tax Annual Amount: 3315.68
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Listing updated: 2026-05-06 00:00:36
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Listing Information
  • List Agent Key: 1468343
  • List Office Key: 278127
  • Modification Timestamp: 2026-05-04T23:06:05Z
  • Originating System Name: Association of Interior REALTORS®
  • Status Change Timestamp: 2026-05-04T22:59:36Z
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Listing updated: 2026-05-06 00:00:36
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