Property Description for 924 FAIRVIEW Road
Attention Investors and Developers check out this an incredible opportunity for you. Development permit approved for 7 - unit townhouse complex. Situated on a spacious 60 by 200 feet flat lot, this property stands out among other multi-family developments in the area. The approved plans include a combination of 1 fourplex and 1 triplex, offering a total of 7 units. Each unit spans approximately 1300 square feet and features a single-car garage. The location of this development is highly advantageous, with close proximity to downtown amenities, such as the Penticton library, high school, SOEC, and Casino. Additionally, there is a currently occupied 2-bedroom, 1-bathroom home on the property. This home generates rental income of $2000 per month, providing a steady cash flow while you await the building permits. For more detailed information, please contact the listing realtor. (id:38686)
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Property Details
Property Tax
: $5,966MLS® #
: 10361465
Home Features
Property Type
: Single FamilySquare Footage
: 1,175 SQFT
Room Details
Partial Bathroom
: 0
Interior Features
Heating
: See remarks, OtherBasement
: Partial
Exterior Features
Acreage
: 0.28Roof
: Asphalt shingle, Unknown
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: CarportExterior Features
: Other
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