Lakeview Development Land in Peachland $ 6,500,000
4596 Princeton Avenue & 5930 Columbia Avenue, Peachland, BC

Lakeview Development Land in Peachland $6,500,000.

4596 Princeton Avenue & 5930 Columbia Avenue, Peachland, BC


Property Description

HM Commercial Group is pleased to present this valuable opportunity for two properties totaling 12.23 acres of lakeview development land, with spectacular panoramic views of Okanagan Lake and the surrounding valley.

  • 97 townhomes proposed in three phases
  • Lake views that stretch from Kelowna to Penticton
  • Sloped elevations increase view corridors for all units
  • Future park and trail-systems (dedications already done)
  • 3 minutes to Downtown Peachland
  • Close to schools & parks

These 2 parcels are ready for development, with RM3 zoning in place, and an approved development permit to build a total of 97 townhomes in 21 buildings. Take advantage of the record low vacancy in the Okanagan, which is creating a higher demand for housing. 

The hillside topography of the subject properties  will offer the townhomes breathtaking panoramic views of Okanagan Lake and the surrounding valley, with the Lake just a short walk away. The parcels are located on a bus route with fast connections to West Kelowna and Kelowna, providing easy access for future residents. As an added bonus, Peachland offers a multitude of activity for residents, including a Zip-Zone Adventure Park, the lakeside Beach Avenue Walk in the town centre, Hardy Falls Regional Park, and a hiker’s dream with the Pincushion Mountain Trail.

The 2 parcels must be purchased together, and are required by the District of Peachland to be amalgamated for this development.

For a full aerial video click here.

PRICE: $6,500,000 ($67,010/unit)

Additional Information

Municipal Address4596 Princeton Avenue & 5930 Columbia Avenue, Peachland, BC
Legal DescriptionBlock 30, Plan KAP125, District Lot 490, Land District 41, Except Plan M14975, ODYD; Block 13 & Block 14, Plan KAP125, District Lot 490, Land District 41, ODYD
PID001-702-220; 012-694-894 & 012-694-916
Location4596 Princeton Avenue and 5930 Columbia Avenue are ideally situated on the hills overlooking Okanagan Lake in Peachland, BC. The properties are located along a bus route, and are within walking distance of the Lake, and town centre.
Development Site Area12.23 acres
Land Area12.23 acres
ZoningRM3, Multi-Unit Residential - Low Density & Cluster

Property Map


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Direct: 250.712.3130
Fax: 250.860.1600
info@hmcommercial.com

2700 Richter St. Kelowna, BC V1Y 2R5