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535 Wade Ave - Penticton Multifamily Development Lot

0.68 Acres of Commercial Land Offered at $3,350,000 CAD in Penticton, BC V2A 1T3

Commercial Land British Columbia Penticton 535 Wade Ave, Penticton, BC V2A 1T3

Investment Highlights

  • Largest Undeveloped MultiFamily Parcel in North Penticton
  • No Rezoning needed - Build Ready
  • Blocks to the Beach

Executive Summary

Developers Multifamily Dream Lot! Located at the corner of Wade Ave W and Rigsby Street in the heart of Penticton’s north end, these 3 separately titled lots are a short walk from Okanagan Lake Beach. Zoning of RM3 allows for High Density Residential Development with a FAR of 1.6 that allows up to 47,300 SQFT +/- of developable floor area with a building height of up to 6 stories. This is the largest vacant parcel available and ready for development, with close proximity to Okanagan Lake. The sale includes the three individually titled lots of 393 Rigsby St, 535 Wade Ave W and 549 Wade Ave W. Lots are being sold as a package only. *All boundaries shown are to highlight property location only, all borders are approximate and to be verified by the buyer.

Attachments

Wade and Rigsby Brochure

Property Facts

Price $3,350,000 CAD Property Subtype Commercial
Sale Type Investment Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.68 AC
Property Type Land Cross Streets Rigsby St
Price $3,350,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 0.68 AC
Cross Streets Rigsby St

1 Lot Available

Lot

Price $3,350,000 CAD Lot Size 0.68 AC
Price Per AC $4,926,471 CAD
Price $3,350,000 CAD
Price Per AC $4,926,471 CAD
Lot Size 0.68 AC

Vacant Land, Zoned RM-3, Permit Ready.

Links

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535 Wade Ave, Penticton, BC - aerial map view - Image1
535 Wade Ave, Penticton, BC - aerial map view - Image2
535 Wade Ave, Penticton, BC - aerial map view - Image3
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code RM3
RM3
(250) 644-9890

Contact

  • Ken Aitkens
    Ken Aitkens
  • The Aitkens Group - Real Broker

  • Listing ID: 34213354

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 535 Wade Ave, Penticton, BC V2A 1T3

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535 Wade Ave - Penticton Multifamily Development Lot
(250) 644-9890 x

535 Wade Ave - Penticton Multifamily Development Lot

Ken Aitkens

(250) 644-9890

(250) 644-9890

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