5140 Clarence Road Peachland, British Columbia V0H 1X2
$4,950,000
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. (id:46227)
Property Details
| MLS® Number | 10323692 |
| Property Type | Vacant Land |
| Neigbourhood | Peachland |
| Features | Treed, Irregular Lot Size |
| View Type | Lake View, Mountain View, Valley View, View Of Water, View (panoramic) |
Building
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Current Use | Development Residential |
| Size Irregular | 8.3 |
| Size Total | 8.3 Ac|5 - 10 Acres |
| Size Total Text | 8.3 Ac|5 - 10 Acres |
| Zoning Type | Unknown |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Sewer | Available |
| Water | Available |
https://www.realtor.ca/real-estate/27438583/5140-clarence-road-peachland-peachland
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October 22 2024 04:02:35
Okanagan-Mainline Real Estate Board
Chamberlain Property Group