About This Property
Incredible opportunity to develop 55+ multifamily housing in a unique location in the heart of the sunny Okanagan just minutes from everything yet nestled in a quiet country community of Coldstream. 30 mins from Kelowna Airport and 10 mins from downtown Vernon. All season recreation available within 15 -30 mins including Kal Lake, Kalamalka Prov Park (hiking and biking trails), Predator Ridge Golf and Silver Star Ski Resort. There are currently 75 strata units rented and owner occupied. All services are to the lot line. You are buying about 16 acres of land with beautiful vistas in all directions, of which approx. 8 acres are developable. This site is very unique, considering the size, location and allowable use. Contact LS re maximum allowable density. All enquiries are invited. (id:64973)
The $6.5 million price tag for this 8-lot vacant land in Coldstream represents a significant premium compared to the local market, with an estimated price per square foot of around $200. However, the property's strategic location and development potential for a 55+ multifamily community make it an attractive option for experienced real estate investors or developers seeking to capitalize on the area's growing senior population and demand for retirement-friendly housing.
Property Details
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Interested in buying in Coldstream?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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