$699,000
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1049 Government Street, Penticton, BC V2A4T9

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3 Beds
2 Baths
1,966 Sq Ft

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:58753)

Listing By: Grant Klatik - Chamberlain Property Group cncrea2 Realty.com
  • MLS® 10386049
  • Date Listed05/04/2026
  • Days on Realty 82 Days
  • Bedrooms 3
  • Bathrooms 2 baths
  • Lot Size 12,632 sq. ft
  • Sewer Public Sewer
  • Property Type Single Family Residence
  • Year Built 1950
  • Water Public
  • Square Feet 1,966 sq. ft
  • Price Per Sq. Ft $355.54

Interior Features

  • Appliances Washer, Refrigerator, Range - Electric, Dryer
  • Flooring Carpeted, Linoleum, Wood
  • Heating Forced air, Electric

Exterior / Lot Features

  • Roof Asphalt, Other
  • Lot Size Acres -
  • Lot Size SQFT 12,632.40
  • Lot Features Level lot, Treed, One Balcony

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V2A4T9

Discover key demographics, population statistics, and environmental insights for the Penticton, BC area.

Walkability in BC / V2A4T9

Source: Walk Score

71/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

69/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 0/100, Bike Score: 31/100.

Points of Interest near 1049 Government Street, Penticton, BC V2A4T9

Frequently Asked Questions for 1049 Government Street

Source: Realty.com

1049 Government Street, Penticton, BC V2A4T9 in Penticton, BC V2A4T9 is a single family residence listed at $699,000. Highlights include 3 bedrooms, 2 bathrooms, 1,966 sq. ft., built in 1950, $356 per sq. ft.. Realty.ca has 29 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 29 photos of 1049 Government Street.

Our records indicate that 1049 Government Street was built in 1950.

The full address for this home is 1049 Government Street, Penticton, BC V2A4T9.

1049 Government Street has been listed on Realty.com since Mon May 04, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 0/100, Bike Score: 31/100.

Listing provided courtesy of: Chamberlain Property Group
Listing agent: Grant Klatik

This content last refreshed on 2026-07-25 09:14:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.