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- LoopNet Team
535 Wade Ave
Penticton, BC V2A 1T3
Penticton Multifamily Development Lot · Land For Sale
·
0.68 ac
INVESTMENT HIGHLIGHTS
- Largest Undeveloped MultiFamily Parcel in North Penticton
- No Rezoning needed - Build Ready
- Blocks to the Beach
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 0.68 ac |
| Property Subtype | Residential | Cross Streets | Rigsby St |
| Proposed Use | |||
| Use Class | RM3 - Medium Density Multi Housing | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Plot Size | 0.68 ac |
| Cross Streets | Rigsby St |
| Use Class | RM3 - Medium Density Multi Housing |
DESCRIPTION
Developers Multifamily Dream Lot! Located at the corner of Wade Ave W and Rigsby Street in the heart of Penticton’s north end, these 3 separately titled lots are a short walk from Okanagan Lake Beach. Zoning of RM3 allows for High Density Residential Development with a FAR of 1.6 that allows up to 47,300 SQFT +/- of developable floor area with a building height of up to 6 stories. This is the largest vacant parcel available and ready for development, with close proximity to Okanagan Lake. The sale includes the three individually titled lots of 393 Rigsby St, 535 Wade Ave W and 549 Wade Ave W. Lots are being sold as a package only. *All boundaries shown are to highlight property location only, all borders are approximate and to be verified by the buyer.
