Description

Visit REALTOR website for additional information. RM2 development opportunity in central Penticton with High Density Residential OCP designation. This flat 0.31-acre parcel offers approximately 13,500 sq. ft. of land with approximately 21.58 m of frontage and is improved with an existing owner-occupied single-family home currently served by municipal services. Permitted uses in the RM2 zone include low-density multiple housing forms such as apartments, cluster housing and townhouses, subject to City of Penticton requirements and approvals. Located within Transit-Oriented Area 2, the property is close to Main Street amenities, transit, schools, recreation and the KVR Trail. Offered as-is and primarily for land value, this is a well-located opportunity for builders, developers and investors planning a future residential project in Penticton. Buyer to independently verify zoning, permitted uses, density, parking, servicing capacity, geotechnical requirements, development costs, title matters and redevelopment potential with the City of Penticton and applicable authorities.