Penticton Real Estate

CELL 250.462.0558 | Paul@PaulBasso.com

Visit Paul on FacebookVisit Paul on TwitterVisit Paul on LinkedInVisit Paul on Google
  Mortgage Calculator

Calculate Your Payments

  Buyer Resources

Best Real Estate Advice

  Seller Resources

Selling For Top Dollar

  Mobile Listings

Search Anywhere Always

  Here To Help You

You Can Contact Me Always

IDX / Reciprocity

Not logged in

7612 97th Street in Osoyoos: Multi-family for sale : MLS®# 10365929

7612 97th Street Osoyoos V0H 1V5 :

Main Photo: 7612 97th Street in Osoyoos: Multi-family for sale : MLS®# 10365929
$995,000
Prop. Type:
Multi-family
MLS® Num:
10365929
Status:
Active
Rare Investment & Development Opportunity – Mobile Home Park with Single-Family Residence! Discover the perfect blend of income stability and future potential with this unique 2.2-acre property, featuring a long-established 55+ modular home community and a detached single-family residence. The site includes 15 rental PADs offering steady returns and a four bedroom, one bathroom home built in 1955, complete with a spacious workshop with an in-law suite — ideal for an on-site manager or additional rental income. Situated just minutes from the U.S. border and offering prime highway frontage, the property provides excellent roadside visibility for local growers or small businesses looking to showcase their products. With R4 zoning and inclusion in the Agricultural Land Reserve (ALR), this property currently generates an adjusted 7% cap rate while holding significant long-term redevelopment potential. The Official Community Plan (OCP) designates this parcel as Medium Density Residential (MR), supporting multi-family development options such as triplexes, fourplexes, townhomes, or low-rise apartments—ideal for investors and developers looking ahead. The property is located one block from the Meadowlark Drive Growth Area, a zone encouraging medium-density housing with a target of 30 residential units per developable hectare. Buy today for secure income and hold for future growth — a rare opportunity in a highly desirable, easily accessible location. Contact the municipality for development options, and the Listing Agent for more information. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Zoning:
Unknown
Taxes:
$3,681.24 / -
Community:
Osoyoos
Structure Type:
Multi-Family
Home Style:
Other
Half Bathrooms:
0
Fireplace:
No
Heating:
See remarks
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Size:
Switch units of measure2.2 acre(s)
Lot Details:
2.2
Listed by Sotheby's International Realty Canada
Data was last updated October 20, 2025 at 08:15 PM (UTC)
Paul Basso
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.