September 6th, 2009
Lot: 1.163 acres with approved development permit for 95 apartments (1.5 parking stalls per unit), 6 townhouses, and 9,450 square feet of commercial area.
PERTINENT INFORMATION: Penticton has become a choice destination for the retiring baby boomer generation providing a lifestyle they expect which includes the lakes, ski resorts, championship golf courses, wine tours and festivals. This location is ideal including everything that a developer would desire for a successful project.
Power, Sewer, Water: On Site
Property Type: Development – Commercial with Residential
Zoned: C2 & GC
Property has been properly zoned and approvals in place for a Commercial/Residential development that includes 95 condos, on 13 floors, each with 1 1/2 underground parking spaces, 6 townhouses on three levels each with their own parking stall and 9, 450 sq. ft. of commercial space fronting on Skaha Lake Road.
The location is excellent, only blocks from Skaha Lake, across the street from the Walmart Shopping Centre, near all amenities including Pharmacy’s, Schools, shopping malls and situated on city bus routes.
This property and project is located directly on Skaha Lake Road where there are several other ongoing condo construction projects.
September 9th, 2009 at 7:12 pm
is the 3.9M for the whole project? Are there any leases in place for the retail bays? What will the apartments be selling for? Is there anything else like this in Penticton?
September 12th, 2009 at 12:01 am
[...] Property Information [...]
September 18th, 2009 at 10:21 am
Dear Justin,
is the 3.9M for the whole project? Yes
Are there any leases in place for the retail bays? There are no leases as the project is currently for sale.
What will the apartments be selling for? That will be up to the developer.
Is there anything else like this in Penticton? There are two towers on Okanagan Lake but the amenities and architecture are not comparable.
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Kind Regards,
Genadiy
Master of Management, Bachelor of Science
University of British Columbia