Name: 249 Westminster Avenue W, Penticton | MLS® 10355374
SKU: 10355374
Price: 3995000.0 CAD
Availability: InStock

$3,995,000 Sale

Listed 40 days ago

249 Westminster Avenue W

MLS® 10355374 Residential Commercial Mix

Your request was received!

We'll be in touch soon to confirm the details.

Date:

Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$15,156/mo

Key Facts

Key facts for 249 Westminster Avenue W

Property Type

Commercial, Residential Commercial Mix

Parking

Garage: No, 0 parking

MLS #

10355374

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

EXCEPTIONAL DOWNTOWN DEVELOPMENT OPPORTUNITY - Rare 0.75-acre development site in prime Penticton location at 249 Westminster Ave W. Just steps from Lake Okanagan and Penticton Lakeside Resort, Convention Centre & Casino. This strategically positioned property offers dramatic panoramic views of Okan...agan Lake and sits in the heart of Penticton's thriving development corridor. Currently tenanted, providing immediate revenue while planning future development. Westminster Avenue West is experiencing significant growth with over $82 million in building permits issued in 2024, including major projects like Sokana and Westmin 795. The property offers tremendous flexibility for mixed-use development, high-density residential, commercial/retail, or hospitality projects. Established utilities and municipal services in place. Perfect for capitalizing on Penticton's growing recognition as the Okanagan Valley's next major development hub. The site's proximity to tourism infrastructure, combined with strong market fundamentals and established rental demand, creates an ideal foundation for a premium development project. Rare opportunity to acquire prime downtown land with lake proximity, urban amenities, and proven development potential in one of BC's most desirable markets. (id:10452)

Similar Properties (No results)

Mortgage Calculator

Calculate your estimated monthly mortgage payment

Price $3,995,000

Down payment

Interest rate

Amortization

Total cost of mortgage

Monthly payment

By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).

The accuracy and applicability of this calculator are not guaranteed.

Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.75 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Zoning Type

Commercial

Land Amenities

Public Transit, Park, Recreation, Shopping

Acreage

0.75 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Zoning Type

Commercial

Land Amenities

Public Transit, Park, Recreation, Shopping

Building Description

Style

Residential Commercial Mix

Home Type

Commercial

Subtype

Residential Commercial Mix

Style

Residential Commercial Mix

Home Type

Commercial

Subtype

Residential Commercial Mix

Community

Main North

Area Code

Penticton

Community

Main North

Area Code

Penticton

Lana Pontello

Cell: 2504889141