About This Property
As per RDNO confirmation - the property must be maintained as Small Holdings. Consisting of (2 or 3) 1-hectare lots. Present use allows for ""Assembly Use"". See zoning in the supplements. (id:64973)
The $1,100,000 price tag for this 7.52-acre vacant lot in Lumby, BC reflects a premium of over $145,000 per acre, which is significantly higher than the average for the area. However, the property's designation as Small Holdings, allowing for assembly use, could make it an attractive option for developers seeking to capitalize on the region's growth potential. This property is best suited for real estate investors or developers with a long-term vision, as the ability to subdivide the land into 1-hectare lots presents opportunities for future development and potential value appreciation, provided the necessary zoning and regulatory approvals can be obtained.
Property Details
Location
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