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586 SCHOOL Avenue
Oliver British Columbia V0H1T0 Canada

$560,000

Active Listing ID 10333496
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2 bed
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1,054 square feet
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1.00 Bath
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Single Family

$560,000

Active Listing ID 10333496
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586 SCHOOL Avenue 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:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: See Remarks
  • Exterior Finish: Vinyl siding
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Forced air, See remarks, Other
  • Additional Features
  • Basement
Listing Changed: 1/29/2025 7:55:45 PM GMT
Source Updated Date: 2/20/2025 4:09:18 AM GMT

Courtesy of: Amar Kahlon, Personal Real Estate Corp, RE/MAX Penticton Realty