About This Property
An exceptional 5.18 acre development opportunity in Peachland, BC, located in one of the Okanagan’s most desirable lakefront communities. 5930 Columbia Avenue, together with the neighbouring property for a total of 9.46 acres, zoned RM3, with OCP support for RM4 zoning, allowing up to 24 units per acre and potential for 200+ homes. The property’s natural topography is ideal for lakeview condos, townhomes, or a mixed-density project, with elevated views of Okanagan Lake. Just a 10-minute walk to Beach Avenue, residents will enjoy cafés, restaurants, boutique shopping, parks, and the waterfront boardwalk. With approximately 9.46 acres total (combined with neighbouring property), this is a rare opportunity to secure a large-scale development site with strong upside in a high-demand market. (id:64973)
The $3,650,000 asking price for this 5.18-acre development site in Peachland translates to an attractive $705 per square foot, well below the average for similar high-density land in the region. Given the property's zoning and development potential, it presents a compelling opportunity for ambitious real estate developers seeking to capitalize on Peachland's growing demand for lakefront condos and townhomes.
Property Details
Location
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