$ 600.000

1580 Fairview Road, Penticton

  • Bedrooms: 3
  • Bathrooms: 1
  • Living area: 1581 square feet
  • Type: Residential
  • Added: 68 days ago
  • Updated: 41 days ago
  • Last Checked: 9 hours ago
**Development Opportunity on Fairview Road | .28 Acres Zoned RL-4** Prime development potential on Fairview Road. This expansive .28-acre lot zoned RL-4, is ideal for real estate developers, renovators or investors looking to take advantage of its future potential. The Official Community Plan (OCP) designates this property for commercial use, offering endless potential for redevelopment. Fronting on Fairview Road, this parcel boasts excellent visibility and close proximity to Highway 97—perfect for a range of commercial projects. The existing home includes a 3-bedroom, 1-bathroom home, which can be renovated, rented, or used as an income-generating property during the planning and development stages. The property also includes plenty of parking including a detached garage at the rear. Whether you’re looking to maximize the current zoning or explore its long-term commercial use potential, this lot offers both flexibility and prime positioning. Don’t miss out on a chance to capitalize on this unique opportunity in a high-traffic, growing area. *All boundaries shown are to highlight property location only, all borders are approximate and to be verified by the buyer. (id:1945)
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Show More Details and Features

Property DetailsKey information about 1580 Fairview Road

  • Roof: Asphalt shingle, Unknown
  • Cooling: Central air conditioning
  • Heating: Forced air
  • Stories: 1
  • Year Built: 1949
  • Structure Type: House
  • Architectural Style: Ranch

Interior FeaturesDiscover the interior design and amenities

  • Basement: Full
  • Living Area: 1581
  • Bedrooms Total: 3

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 1580 Fairview Road

  • Water Source: Municipal water
  • Lot Size Units: acres
  • Parking Total: 1
  • Parking Features: Detached Garage, Covered, Rear, See Remarks
  • Lot Size Dimensions: 0.28

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system

Tax & Legal InformationGet tax and legal details applicable to 1580 Fairview Road

  • Zoning: Residential
  • Parcel Number: 007-726-031
  • Tax Annual Amount: 2651.82
Room Dimensions
Type Level Dimensions
Recreation room Basement 16' x 22'4''
Bedroom Basement 10'10'' x 11'10''
Laundry room Main level 8'9'' x 9'4''
Living room Main level 12'1'' x 15'9''
Kitchen Main level 12'1'' x 12'10''
Bedroom Main level 8'10'' x 10'7''
Primary Bedroom Main level 9'5'' x 10'7''
4pc Bathroom Main level 6'10'' x 7'10''
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members of The Canadian Real Estate Association

Nearby Listings Stat

Active listings
65
Min Price
$69,000
Max Price
$1,150,000
Avg Price
$445,087
Days on Market
77 days
Sold listings
24
Min Sold Price
$237,000
Max Sold Price
$1,049,000
Avg Sold Price
$495,629
Days until Sold
111 days
Additional Information about 1580 Fairview Road

This House at 1580 Fairview Road Penticton, BC with MLS Number 10323781 which includes 3 beds, 1 baths and approximately 1581 sq.ft. of living area listed on Penticton market by Kenneth Aitkens - Real Broker B.C. Ltd at $600,000 68 days ago.

We have found 6 Houses that closely match the specifications of the property located at 1580 Fairview Road with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 449,500 and 839,000.

The current price of the property is $600,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 16% down payment, the total amount borrowed would be $504,000. This would result in a monthly mortgage payment of $2,806 over a 25-year amortization period.

More Details?
  • Kenneth Aitkens
  • Real Broker B.C. Ltd
  • 250-644-9890
  • WebSite

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