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1348 Cedar Street, Okanagan Falls

Property Description

Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only. (id:47466)

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Full Address:
1348 Cedar Street, Okanagan Falls, British Columbia
Price:
$ 1,950,000
MLS Number:
10354184
List Date:
July 2nd, 2025
Neighbourhood:
Okanagan Falls
Lot Size:
3.92 ac
Year Built:
1950
Taxes:
$ 3,048

Property Details

Bedrooms:
1
Bathrooms:
1
Heating:
See remarks

Interior Features

Architectural Style:
Ranch
Storeys:
2
Sewer:
Municipal sewage system
Water:
Private Utility
Ownership Type:
Freehold
Taxes:
$ 3,048

Building Features

Finished Area:
1267 sq.ft.

Floors

Lot Size:
3.92 ac
Water Frontage Type:
Waterfront on river

Land

Amenities Nearby:
Family Oriented

Neighbourhood Features

Ratings

Commercial Info

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Steve Thompson
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Agent: Tricia RadcliffeOffice: eXp Realty

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