Katrina Somers
Royal LePage Locations West
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249 Westminster Avenue W
Main North Penticton V2A 5H1

$5,500,000
Other

Main Photo: 249 Westminster Avenue W in Penticton: Other for sale : MLS®# 10355374
Photo 1: 249 Westminster Avenue W in Penticton: Other for sale : MLS®# 10355374
Photo 2: 249 Westminster Avenue W in Penticton: Other for sale : MLS®# 10355374
Status:
Active
Prop. Type:
Other
MLS® Num:
10355374
Build. Type:
Residential Commercial Mix
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:2493)
Property Type:
Other
Zoning:
Commercial
Taxes:
$31,745 / -
Community:
Main North
Structure Type:
Residential Commercial Mix
Half Bathrooms:
0
Fireplace:
No
Current Use:
Mixed use
Lot Size:
0.75 acre(s)
Lot Details:
0.75
Lot Features:
Level lot
  • Photo 1: 249 Westminster Avenue W in Penticton: Other for sale : MLS®# 10355374
    Photo 1 of 2
  • Photo 2: 249 Westminster Avenue W in Penticton: Other for sale : MLS®# 10355374
    Photo 2 of 2
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Listed by Chamberlain Property Group
Data was last updated July 11, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,000,000
Min list price:
$499,000
Max list price:
$5,500,000
Avg days on market:
79
Min days on market:
2
Max days on market:
343
Avg price per sq.ft.:
$488.1
These statistics are generated based on the current listing's property type and located in Main North. Average values are derived using median calculations. This data is not produced by the MLS® system.
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