Styles Prec*
100-3200 Richter Street
Kelowna, BC
Canada V1W 5K9
Details
Address | 5140 Clarence Road |
Area | Central Okanagan |
Sub Area | PE - Peachland |
State/Province | British Columbia |
Country | Canada |
Price | $4,950,000 |
Property Type | Residential Development |
Lot Size | 8.30 Acres |
Waterfront | No |
Taxes | $5,388 |
Tax Year | 2023 |
MLS® # | 10323692 |
Opportunity to purchase this beautiful 8.3 acre parcel of land with breathtaking views overlooking Okanagan Lake. Lower portion of parcel (3.39 acres) currently zoned A2 (not in ALR) with OCP designation low density residential. The District of Peachland has noted the upper portion of the property to be reviewed for OCP amendment for upper 4.9 acres to low density residential in early 2025. Entire property has preliminary plans to be subdivided into 30 single family lots (28 duplex size) allowing for 58 units. Townhomes may be possible with R1 zoning. Buyer to do their own due diligence. A portion of the land abuts with New Monaco development, giving an exciting opportunity to tie into a massive development. Potential use of the upper portion as a vineyard - soil tests available.
Listed by CHAMBERLAIN PROPERTY GROUP