4641 Princeton Avenue Active Save Request In-Person Tour Request Virtual Tour
Peachland,BC V0H1X7
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Peachland
MLS Listing ID 10339315
Lot Size 2.650 Acres
Acres 2.65
Source Association of Interior REALTORS®
Property Description
Prime Development Opportunity – Panoramic Okanagan Lake Views This 2.65-acre medium-density zoned property offers an exceptional opportunity for development in Peachland. Situated just above Okanagan Lake along Princeton Avenue, an active transportation corridor, the site is perfectly positioned for a high-quality multi-family project. Zoned RM4, the property has the potential for 46 townhomes and comes with a shovel-ready Development Permit package. The package includes a professionally engineered grading plan designed to minimize soil fill and retaining walls, along with completed geotechnical, hydrogeological, and traffic studies. A full architectural plan has been developed, featuring four terraced building areas to ensure every home enjoys breathtaking lake views. Significant financial contributions have already been made, including $90K in Community Amenity Contributions and $94K toward transportation and transit improvements, both paid to the District. Additionally, the project is eligible for approximately $130K in road improvement DCC credits, subject to District Engineering confirmation. With seller financing available and flexible closing terms, this is a rare opportunity to secure a turnkey, development-ready site in one of the Okanagan's most sought-after locations. Serious inquiries only – full documentation and professional reports available upon request. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system