About This Property
A rare 2.83 acre opportunity in Oliver, the Wine Capital of Canada. This property is ideally suited for a 4 - 6 storey condominium development, with plenty of space for parking while not compromising on building design Oliver is embracing growth and is encouraging a higher-density housing here, creating a clear path for developers to meet the rising demand. The location offers the best of both worlds, set in a peaceful neighborhood while being minutes from downtown, schools, and local parks. Two renowned golf courses and endless vineyards are right at your doorstep, adding to the appeal for future residents. Whether it’s families, downsizers, or first-time buyers, the demand is here and so is the chance to shape Oliver’s future. (id:64973)
At $1.06 million per acre, this vacant land parcel in Oliver presents a compelling value proposition compared to the average $550,000 per acre in the city. Its size and zoning potential make it an attractive opportunity for experienced multi-family developers seeking to capitalize on Oliver's growth and housing demand. This property is best suited for a real estate investment group or a mid-sized developer with the resources and expertise to navigate the municipal approvals and construction process for a high-density condominium project that can maximize the lot's development potential.
Property Details
Location
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