About This Property
Discover nearly four acres of prime semi-waterfront property in the heart of the Okanagan, offering a unique blend of natural beauty and multi-family development potential. This flat, 100% usable land is less than 30 minutes to Kelowna and just 5 minutes off the Coquihalla Connector, getting you to Vancouver in just 4 hours. Lined with beautiful 40-foot trees and a short stroll down Beach Avenue to the charming downtown Peachland, the property is zoned CD11, presenting exciting opportunities for multi-family redevelopment and other potential uses. Properties like this rarely become available—contact LR for more details. Duplicate listing under MLS 10382760 (Land) and MLS 10382761 (Commercial). (id:64973)
At $12.5 million for 3.83 acres, the price per square foot of this Peachland property is quite high compared to the local market. However, its prime semi-waterfront location, proximity to amenities, and multi-family development potential make it an attractive investment opportunity for developers seeking to capitalize on the Okanagan's growing demand for residential real estate. This property is best suited for experienced real estate investors or developers who can maximize the land's zoning potential and deliver a high-density, mixed-use project that caters to the region's robust tourism and retirement demographics.
Property Details
Location
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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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