Thompson + Crocker - 250-487-7000

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Single Family in Penticton

$539900.00
425 DOUGLAS AVE - MLS® #: 165915
  • (169)
  • 119
  • 104
  • 3 Bedrooms
  • 1 Bathrooms
  • 1100 Sq Ft
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Thompson + Crocker
250-487-7000

Description

Subdivide this 70\'x136\' lot with lane, .22 acre. City supports creating two 35\'x136\' lots. You decide on the zoning - two RD2 duplex lots, or two RS3 lots for 2 houses with suite or carriage house. 6 month process through Board of Variance, approx. $35,000 - $50,000 cost to demolish the house & subdivide the lot. End result - two lots worth $300,000 each. The numbers work, and you have the budget here to cover the process - buyer to satisfy himself. The City has approved this type of subdivision in the area with the recent upzoning. Bonus: 1100 sf, 3 bed rancher. Hardwood floors, gas f/p, big kitchen + eating area. Well cared for property. Move in condition for even a fussy owner-occupier. Market value rent in the $2000/range. Garage/carport off lane. Vacant and easy to show, call for code. No long conditional offers, looking for quick close. Central & improving area, many projects on the go. All docs on Interface MUST accompany offer. April 2017 appraisal on file.

Amenities

Garage
Heating
Fireplace
Municipal
Yes

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Listing data last updated date: 2017-05-10 22:17:04

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Listing Agent: PATTI DUNBAR