$597,000
Introducing an exclusive real estate development opportunity: an 8-unit property in Oliver, contingent on the joint sale of both properties. The development permit is ready for immediate acquisition, requiring the buyer to apply for the building permit to commence the project. This development encompasses four units on each of the paired properties at 586 School Ave and 491 Church Ave. These two-story units, spanning approximately 1150 sqft each, 3-bedroom configurations. Situated within walking distance to the school and various amenities, the location is ideal for families. Both houses are presently tenanted, generating a monthly rental income of nearly $3000, plus utilities, ensuring a steady cash flow during the period of awaiting the building permit. (id:50889)
Property Details
MLS® Number
10309252
Neigbourhood
Oliver
Amenities Near By
Recreation, Schools, Shopping
Features
Level Lot, Corner Site
Parking Space Total
1
Building
Cooling Type
See Remarks
Exterior Finish
Vinyl Siding
Heating Type
Forced Air, Other, See Remarks
Roof Material
Asphalt Shingle
Roof Style
Unknown
Type
Residential Commercial Mix
Utility Water
Municipal Water
Land
Access Type
Easy Access
Acreage
No
Current Use
Mixed Use
Land Amenities
Recreation, Schools, Shopping
Landscape Features
Level
Sewer
Municipal Sewage System
Size Irregular
0.14
Size Total
0.14 Ac|under 1 Acre
Size Total Text
0.14 Ac|under 1 Acre
Zoning Type
Unknown
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April 23 2024 05:29:20
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty, Homelife Benchmark Titus Realty
