4596 Princeton Avenue & 5930 Columbia Avenue, Peachland, BC
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.
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)
|Municipal Address||4596 Princeton Avenue & 5930 Columbia Avenue, Peachland, BC|
|Legal Description||Block 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|
|PID||001-702-220; 012-694-894 & 012-694-916|
|Location||4596 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 Area||12.23 acres|
|Land Area||12.23 acres|
|Zoning||RM3, Multi-Unit Residential - Low Density & Cluster|
E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.