For Sale: 1049 Government Street, Penticton, BC - REW
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$699,000
3 bd • 2 ba • 1966 sf • House
1049 Government Street
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$699,000
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1049 Government StreetPenticton, BC, V2A 4T9

  • 3 Bed
  • 2 Bath
  • 1966 Sqft
  • House

About this home

Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:63626)
Listed by: Grant Klatik PREC*, Salesperson, Chamberlain Property Group

Home facts and features

Price details
List Price
$699,000
Get Pre-Approved
Gross Taxes for 2026
$3,316
Home facts
Bedrooms
3
Full Bathrooms
1
Partial Bathrooms
1
Parking Details
Additional Parking
Property Type
House
Lot Size
65 ft x 0 ft (12632 ft²)
Depth
Frontage
65.0 feet
Year Built
Built in 1950 (76 yrs old)
Title
Freehold
Style
Ranch
Exterior Finish
Stucco, Wood siding
Heating Type
Forced air, Electric
Basement Details
Full
Features
Level lot, One Balcony, Treed
Appliances
Dryer, Range - Electric, Refrigerator, Washer
Agent details
Primary Agent
Primary Broker
Chamberlain Property Group
Listing details
Days on REW
36 Days
Property Views
137
MLS® Number
10386049
Source
Canadian Real Estate Association
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Ecole Entre Lacs
  • Public
  • K - 8
L’école Entre-lacs
  • Public
  • K - 8
KVR Middle School
  • Public
  • 6 - 8
Penticton Christian School
  • Independent
  • K - 12
Penticton Secondary School
  • Public
  • 9 - 12
Holy Cross School
  • Independent
  • K - 8
Carmi School
  • Public
  • Pre-K - 5
Uplands Elementary School
  • Public
  • K - 5
Columbia School
  • Public
  • Pre-K - 5
Queens Park School
  • Public
  • Pre-K - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Grant Klatik PREC*
Phone:
(778) 476-7778
Office:
(778) 476-7778
Fax:
(778) 476-7776
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