Exceptional opportunity to purchase a ±0.95 acres development site suitable for condominiums or purpose built rental apartments. Current zoning: P1. The offering is presented on the assumption that the Property will be rezoned to C5 (Urban Centre Commercial). C5 zoning allows gross FAR of up to 6.0, providing meaningful density potential. Dual site access via Martin Street and Winnipeg Street. No minimum parking requirements under C5 zoning, enhancing developable efficiency and project economics. Ground-floor commercial required, with residential permitted above, aligning with modern mixed-use urban development trends. List price equates to ~$110/SF of land and is supported by a recent third-party appraisal (available in data room upon execution of an NDA). Occupancy required through end of 2026; flexible closing/leaseback options available. CMHC-reported Penticton rental vacancy rate of approximately 2.6%, underscoring strong rental demand fundamentals.