About This Property
LAND ASSEMBLY – DEVELOPMENT OPPORTUNITY. Phase 2, Lots 1 and 2 of the Suntower subdivision are now offered as a combined land assembly, presenting an exceptional opportunity for builders, investors, or long-term landholders. Both lots will be delivered with paved road access and full extended city service connections to the lot line, including 400-amp power, municipal water, storm, and sewer, creating a ready-to-build environment. Zoned R7 (Low-Density Residential/RV) within the Regional District of North Okanagan, the site supports single-family, two-family, and secondary-suite development, with a maximum 35% lot coverage and up to 2 storey's (10 m height limit) . Lot 2 also includes a beautifully maintained 4,156 sq. ft. log home built in 2004, featuring two primary bedrooms with ensuites, a main three-piece bath, and three generous loft-level bonus rooms. Grand vaulted ceilings the in the main living area. The main floor offers durable tile throughout with efficient in-floor heating powered by a pellet stove, plus a secondary electric option. Both the home and detached garage are finished with long-lasting clay tile roofing (30–80 year lifespan). The property also includes an attached double garage, total covered parking for up to five vehicles. This assembly provides strong holding value—ideal for renting out the existing home to offset carrying costs—while preparing for future redevelopment aligned with the growth and demand of the Suntower subdivision (id:64973)
At $361 per square foot, this Lumby property is priced above the local median, reflecting its development potential. The large 1.2-acre lot with full municipal services makes this an attractive option for builders or investors seeking a turnkey land assembly opportunity in the growing Okanagan region.
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