Developer Liquidation – Exceptional Development Opportunity. Priced $771,000 Below BC Assessment. A rare opportunity to acquire a premium 2.85-acre lakeview development site in Peachland at an exceptional value. The seller is reducing inventory, creating an outstanding opportunity for developers, builders, and long-term investors. The property is currently zoned RR1, but designated Medium Density Residential under the future Official Community Plan (anticipated August 2026), allowing for approximately 25 townhome units per hectare under RM3 zoning. Combined with panoramic, unobstructed Okanagan Lake views, this is a prime site for future redevelopment. Generate holding income while advancing plans with a meticulously maintained 2,450 sq. ft. home featuring 3 bedrooms, 3 bathrooms, plus a separate carriage house (currently vacant) ideal for rental income or additional accommodation. Strategically located on Princeton Avenue, a designated active transportation corridor, the property offers excellent accessibility within one of Peachland's most desirable lakeview communities. Highlights: $771,000 below BC Assessment, 2.85-acre future RM3 development site, Approx. 25 townhome units/hectare, Panoramic Okanagan Lake views, Existing home + carriage house for holding income, Outstanding long-term development potential. Large lakeview development parcels of this caliber are increasingly rare. Secure this exceptional investment at a price well below assessed value. (id:47466)
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Multiple Listing Service (MLS) trademark® The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA" MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Multiple Listing Service (MLS) trademark® The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.