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:4069)
| Address |
586 SCHOOL Avenue |
| List Price |
$597,000 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Style of Home |
Ranch |
| Area |
British Columbia |
| Sub-Area |
Oliver |
| Bedrooms |
2 |
| Bathrooms |
1 |
| Floor Area |
1,054 Sq. Ft. |
| Lot Size |
0.14 Sq. Ft. |
| Year Built |
1951 |
| MLS® Number |
10306768 |
| Listing Brokerage |
RE/MAX Penticton Realty
| Homelife Benchmark Titus Realty
|
| Basement Area |
Full |
| Postal Code |
V0H1T0 |
| Site Influences |
Recreation, Schools, Shopping |
| Features |
Level lot, Corner Site |
