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Lot 3 Shannon View Drive | $5,545,000
Steve Thompson* Agent Photo
Steve
Thompson*
C. (250) 487-7000
 P. (778) 476-7778
 Phone Steve www.teamthompson.com
CHAMBERLAIN PROPERTY GROUP
104 - 399 Main Street
 Penticton, BC
 Canada V2A 5B7

Details

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Address Lot 3 Shannon View Drive
AreaCentral Okanagan
Sub AreaSHLK - Shannon Lake
State/ProvinceBritish Columbia
CountryCanada
Price$5,545,000
Property TypeResidential Development
Lot Size12.98 Acres
WaterfrontNo
Taxes $16,638
Tax Year2023
MLS® #10324432

Price Reduced! A rare opportunity to acquire almost 13 acres of an exclusive mountain top development site with 360 degree views overlooking Shannon Lake, the SL Golf Course and the surrounding mountains. The top of this mountain was blasted and levelled for development over 20 years ago, something the City of WK has affirmed would no longer be permitted. With the new OCP now passed potential developers are encouraged to do their own DD with the City but support for a medium density development (a mix of TH's and Apartments) that compliments the local neighbourhood and SL community has been noted. In depth work regarding the site have been completed, both on and off site servicing requirements, potential site plans, City discussions, Geotechnical report, Field Investigation and highest / best use studies have all been completed and available with a signed CA. Offsite servicing is minimal with utilities available at the lot line. Onsite servicing, due to the nature of a true mountain top location, will be perhaps somewhat more involved in order to extract the full value and potential from the site. This site is truly one of a kind for all of Kelowna/West Kelowna offering unparalleled 360 degrees unobstructed views from all build sites, exclusivity from a private entrance and an excellent central location.

Listed by MOMENTUM REALTY INC.

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