May 12, 2012

Penticton Home Has Potential For Development

One-storey home at 326 Rigsby St., Penticton, is blocks from Okanagan Lake.

326 Rigsby St., Penticton
Type: 3-bedroom, 2-bathroom detached
Size: 1,000 sq. ft.
BC Assessment, 2012: $243,900
Listed for: $239,900
Sold for: $225,000
Sold on: April 10
Days on market: 179
Listing agent: Michael Wood at Fair Realty
Buyers agent: Raymond Maaske at Home Star Realty

The big sell: This one-storey Penticton home proved attractive to both first-time buyers and investors. The reasons? A competitive price, a location just blocks from Okanagan Lake, and a 35-by-157-foot lot that is duplex-zoned, with the potential construction of two units of more than 1,600 square feet each. It has benefited from several upgrades, including a new roof and flooring. Inside, the open-concept plan provides a natural flow. There are three bedrooms, with one containing an ensuite bathroom. The park-like backyard has a large patio area, as well as a shop for storage and tinkering. The location is close to the airport, the downtown and numerous wineries.

These transactions were compiled by Nicola Way of and
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