An exceptional 4.28 acre development opportunity in Peachland, BC, one of the Okanagan’s most desirable lakefront communities. This parcel, along with the neighboring parcel: 5930 Columbia Ave (MLS10381094), offer a total of 9.46 acres, zoned RM3, with OCP support for RM4, allowing up to 24 units per acre and potential for 200+ homes. The property’s natural topography is ideal for lakeview condos, townhomes, or a mixed-density project, with elevated views of Okanagan Lake. Just a 10-minute walk to Beach Ave, residents will enjoy cafes, restaurants, boutique shopping, parks, and the waterfront boardwalk. This is a rare opportunity to secure a large-scale development site with strong upside in a high-demand market.
| View Description | Panoramic views Okanagan Lake |
|---|---|
| Structures | Land Only |
| Price | $3,450,000 |
|---|---|
| Property Type | Land |
| Ownership Type | Freehold NonStrata |
| Utility Type | Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available |
| Water (WaterSource) | None |
| Lot Size | 4.28 |
|---|---|
| Lot Size Depth | Feet |
| MLS® # | R3101949 |
| Area | FVREB Out of Town |
| Neighbourhood | FVREB Out of Town |
| City | No City Value |
| Postal Code | V2Y 1S9 |
| Gross Taxes | $16,594.08 |
| Zoning | RM3 |
Listed by: RE/MAX Treeland Realty & Homelife Advantage Realty (Central Valley) Ltd.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
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| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Based on 12 comparable active properties in FVREB Out of Town, the average asking price is $820,967. This listing is priced 320.2% above the neighbourhood average.
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