1049 Government Street

Price$ 699,000 | | CityPenticton

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:64460)

Read More
Property Specifications
Full Address:
1049 Government Street, Penticton, British Columbia
Price:
$ 699,000
MLS Number:
10386049
List Date:
May 4th, 2026
Neighbourhood:
Main North
Square Footage:
1966 sq.ft.
Lot Size:
0.29 ac
Year Built:
1950
Taxes:
$ 3,316
Interior Features
Bedrooms:
3
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range - Electric, Dryer
Flooring:
Carpeted, Linoleum, Wood
Heating:
Forced air, Electric
Fireplaces:
1
Fireplace Type:
Free Standing Metal
Basement:
Full
Building Features
Architectural Style:
Ranch
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco, Wood siding
Garage:
Additional Parking
Ownership Type:
Freehold
Taxes:
$ 3,316
Floors
Finished Area:
1966 sq.ft.
Land
View:
Mountain view
Lot Size:
0.29 ac
Neighbourhood Features
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Grant Klatik Office: Chamberlain Property Group Data provided by: Association of Interior REALTORS®

About the Area

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Submit