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Home BC Greater Penticton Penticton
86 VETERANS Way
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86 VETERANS Way $1,400,000
$1,400,000
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86 VETERANS Way
Penticton, British Columbia V2A1B1

MLS® Number: 10330729

Listing Description

Prime Re-Development Opportunity in Downtown Penticton . Welcome to 86 Veterans Drive, a rare gem in the heart of Penticton offering immense potential for builders, developers, and visionary investors. With recent rezoning to High-Density Residential (up to 12 storeys), this lot is a blank canvas that could redefine downtown living. Take advantage of the approved DP plans, which provide a strong foundation for your project, while maintaining the flexibility to modify the plans with city council approvals to align with your vision and the new zoning potential. Situated just steps away from the lake, beach, and vibrant downtown amenities, this property combines location, zoning flexibility, and unparalleled potential. Approved DP Plans Available: Utilize the existing plans for a mixed-use development featuring 995 sq. ft. of commercial space on the ground floor and 10 residential units (6 two-bedroom and 4 penthouses). Future Vision: Reimagine the project under the new zoning guidelines. Whether it's high-rise condominiums, luxury apartments, or a blend of residential and commercial use, the possibilities are vast with city council-approved modifications. Unique Features: Existing plans include a 3113 sq. ft. rooftop deck, offering stunning potential for community spaces, private events, or outdoor amenities. Unbeatable Investment Opportunity: Downtown Penticton is experiencing growth and redevelopment, making this property an ideal long-term or short-term investment. (38084359)

Property Summary

Property Type
Vacant Land
Building Type
Other
Neighbourhood Name
Main North
Title
Freehold
Land Size
0.1 ac|under 1 acre
Annual Property Taxes
$6,552.15
Time on REALTOR.ca
8 days

Price and Sale History

Date Status Price
Jul 30, 2024 Sale Closed $950,000

Building

Utilities
Utility Type
Electricity (At Lot Line), Natural Gas (At Lot Line), Sewer (Available), Water (At Lot Line)
Utility Sewer
See remarks
Water
Municipal water

Land

Lot Features
Present Use
Development residential
Road Type
Paved road
Other Property Information
Zoning Type
Multi-Family
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6

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