Introducing an excellent real estate development opportunity: an 8-unit property in Oliver, contingent on the joint sale of both properties( 586 School and 591 Church Street). 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
$560,000
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
10333496
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
