Penticton one of the most beautiful cities of BC offers a very unique opportunity to the investors and developers to build a multistorey building in the downtown core of the city. This C5 zoned lot , which is only steps away from famous Lake Okanagan has the potential of High Density Residential ( Up to 12 Storeys) The City council supports it and is willing to work with the Developers with their unique ideas and vision. Existing approved DP plans provide a unique opportunity for a developer to take full advantage of C5 zoning. Build a 5 Storey high building with Commercial Space on the ground floor and 3 very spacious 2 bed room 2 bath room residential units on each upper floors. Super downtown Location which itself is very beautiful and only 5 minutes walking distance to famous Beaches of Okanagan Lake , City Park and Casinos. Perfect place for retirees or long time or short time investors. (id:47466)
