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178 Timberline Road | $5,999,000
Mark Pankratz Agent Photo
Mark
Pankratz
C. (250) 488-1568
 P. (250) 493-2244
 Phone Mark www.pentictonhomes.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

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Address 178 Timberline Road
AreaCentral Okanagan
Sub AreaUM - Upper Mission
State/ProvinceBritish Columbia
CountryCanada
Price$5,999,000
Property TypeSingle Family - Detached w/Acreage
Bedrooms4
Bathrooms4
Half Baths0
Floor Space3914 Square Feet
Lot Size5.74 Acres
WaterfrontNo
Year Built1995
Taxes $10,068
Tax Year2023
MLS® #10325897

LOCATION! KELOWNA'S UPPER MISSION 5.74Ac PRIVATE ESTATE. PANORAMIC LAKE & CITY VIEWS! VERSATILITY! REVENUE! 3900SF WALK-OUT RANCHER W/AIRBNB SUITE. ALREADY RR1C ZONED. SUBDIVISION POTENTIAL. CARRIAGE HOME & SITE APPROVED. 3200SF SHOP. ENDLESS OPPORTUNITIES. Paved gated estate driveway leads to the 4 bed 4 bath +/-3900SF walkout rancher that has breathtaking views from both levels, 2 fireplaces, Hot tub & a lower walk-out suite that has an Airbnb rental license. There's also a lakeview 3200SF clear span shop with 4 massive garage doors, washroom, dbl sink, kitchen/bar area, in-floor heat ready, 220V and 30A outlets, + more side RV parking. Lots of parking with over a third of an acre of paved space (Did we mention the Suite & Shop can bring in great rental income?) The UPPER 2.5Ac portion is approved to build a Carriage Home that won't infringe on the main home's privacy. The LOWER fully cleared 3.24Ac also has stunning views of Okanagan Lake & multiple flat building areas. The owner invested 15 years & millions of dollars getting the property to this point. Just the cost of even 1 Ac of bare Commercial/Industrial land in Kelowna today ($2.5 - 4M), makes one realize just how much of an opportunity this property really is. Highly unique 5.74acre RR1C zoned property is a once-in-a-lifetime opportunity. Property serviced by municipal water. **Please be courteous & do not drive or walk onto the property without a scheduled appointment.

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

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