Property Information:

Residential, commercial and investment opportunity all in one spot. Prime C1-zoned property in central Penticton offering live/work flexibility, holding income, and development potential. Located within an area identified in the Official Community Plan for higher-density residential, this property also presents a strong future redevelopment opportunity for multi-unit housing (buyer to verify). Situated on a 0.142-acre lot, this well-located property is walking distance to McLaren Arena, Schools, Penticton Regional Hospital, shopping, and the KVR trail, with public transit right at the doorstep. Options could see this configured as a professional office (it was formerly a chiropractic clinic), as the main level features 3 large offices, reception area, 4-pc bath, and a welcoming waiting room with fireplace and hardwood floors. The lower level provides ample storage, or the layout can be converted into a 3 bedroom, 2 bathroom, ~2,000 sq ft single-family home. Wheelchair accessible for added versatility. C1 zoning supports a wide range of uses including daycare, medical, professional, retail, and service-based businesses, making it ideal for an owner-operator or investor. 5 on-site parking stalls (including 1 covered) with rear lane access add convenience for staff and clients. Contingent. Quick possession available. Duplicate commercial listing. Some photos have been virtually staged. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Stucco
Fireplace: Yes
Floor Space: 2082 sqft
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Access Type: Easy access
Amenities Nearby: Airport, Recreation, Schools, Shopping
Built in: 1960
Community Features: High Traffic Area
Features: Wheelchair access
Floor Space (approx): 2082 Square Feet
Irregular: Yes
Lot Size: 0.14 Acres
Sewer: Municipal sewage system
Parking Type: Other
No. of Parking Spaces: 1

Rooms:

Utility Basement Level 6'9'' x 9'11''
Storage Basement Level 4'11'' x 8'6''
Storage Basement Level 12'0'' x 13'11''
Recreation Room Basement Level 12'0'' x 15'7''
Bathroom Basement Level 3'10'' x 7'0''
Other Basement Level 12'0'' x 8'2''
Den Basement Level 12'0'' x 8'1''
Kitchen Basement Level 12'0'' x 8'2''
Bathroom Main Level 8'6'' x 6'7''
Bedroom Main Level 8'2'' x 10'9''
Bedroom Main Level 12'4'' x 10'5''
Other Main Level 15'11'' x 8'8''
Foyer Main Level 12'0'' x 5'8''
Living Main Level 13'5'' x 15'10''
Primary Bedroom Main Level 12'4'' x 13'3''

Courtesy of: Engel & Volkers South Okanagan

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Demographic Information of 1348 Government Street, Penticton, British Columbia, V2A 4V8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$101,303.80

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.02 %

High school certificate or equivalent

36.01 %

Apprenticeship trade certificate/diploma

10.25 %

College/non-university certificate

20.52 %

University certificate (below bachelor)

1.48 %

University Degree

15.72 %

Commuter

Travel To Work

By Car

80.24 %

By Public Transit

2.04 %

By Walking

11.05 %

By Bicycle

0.0 %

By Other Methods

6.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

20.85 %

Houses

79.15 %

1348 Government Street, Penticton, British Columbia, V2A 4V8