Exceptional development opportunity at 334 Rigsby Street, ideally situated near downtown Penticton in a rapidly evolving neighbourhood. This expansive RM2-zoned property measures over 15,000 sq. ft.—approximately 96 feet wide by 157 feet deep—and offers convenient rear-lane access. RM2 zoning supports low-density multi-family development, including apartments, townhomes and cluster housing up to three storeys, subject to City approvals. With only one existing home to remove, the property presents a strong foundation for a thoughtfully designed residential project. Enjoy a central location close to Okanagan Lake, beaches, downtown shopping and dining, local breweries, schools, parks, transit and recreational facilities. A rare opportunity to secure a substantial development parcel in one of Penticton’s growing neighbourhoods. All measurements are approximate. Buyers should independently confirm zoning, permitted density, serving and development potential with the City of Penticton. (id:41440)
MLS®:
10396030
Taxes
$5,583
Lot Size
0.35 acres
Type
Single-Family Home
Year Built
1900
Style
Bungalow
County
Okanagan-Similkameen
Listed By
Jesse Chapman, Royal Lepage Locations West
Source CREA Last checked Aug 28 2026 at 6:13 PM EDT
Disclaimer: The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/28/26 11:13
Description