Pamela Hanson PREC* | 250-486-1119 (cell) | pamhanson@remax.net
Heather Smith Licensed Realtor | 250-486-7126 (cell) | hsmith@remax.net
249 Westminster Avenue W Penticton, British Columbia V2A 5H1
Interested?
Contact us for more information
$5,500,000
EXCEPTIONAL DOWNTOWN DEVELOPMENT OPPORTUNITY - Rare 0.75-acre development site in prime Penticton location at 249 Westminster Ave W. Just steps from Lake Okanagan and Penticton Lakeside Resort, Convention Centre & Casino. This strategically positioned property offers dramatic panoramic views of Okanagan Lake and sits in the heart of Penticton's thriving development corridor. Currently tenanted, providing immediate revenue while planning future development. Westminster Avenue West is experiencing significant growth with over $82 million in building permits issued in 2024, including major projects like Sokana and Westmin 795. The property offers tremendous flexibility for mixed-use development, high-density residential, commercial/retail, or hospitality projects. Established utilities and municipal services in place. Perfect for capitalizing on Penticton's growing recognition as the Okanagan Valley's next major development hub. The site's proximity to tourism infrastructure, combined with strong market fundamentals and established rental demand, creates an ideal foundation for a premium development project. Rare opportunity to acquire prime downtown land with lake proximity, urban amenities, and proven development potential in one of BC's most desirable markets. (id:52811)
Property Details
| MLS® Number | 10355374 |
| Property Type | Other |
| Neigbourhood | Main North |
| Amenities Near By | Public Transit, Park, Recreation, Shopping |
| Features | Level Lot |
Building
| Type | Residential Commercial Mix |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Current Use | Mixed Use |
| Land Amenities | Public Transit, Park, Recreation, Shopping |
| Landscape Features | Level |
| Size Irregular | 0.75 |
| Size Total | 0.75 Ac|under 1 Acre |
| Size Total Text | 0.75 Ac|under 1 Acre |
| Zoning Type | Commercial |
https://www.realtor.ca/real-estate/28581931/249-westminster-avenue-w-penticton-main-north
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July 09 2025 06:49:44
Okanagan-Mainline Real Estate Board
Chamberlain Property Group