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 Peachland property translates to $705 per square foot, which is substantially higher than the average lot price in the area. However, the property's prime lakefront location and zoning potential for high-density residential development make it an attractive investment opportunity for experienced developers seeking to capitalize on Peachland's thriving real estate market. This large-scale development site is best suited for commercial or multi-family residential builders capable of navigating the complex approval process and executing a project that leverages the site's panoramic Okanagan Lake views.
Property Details
Location
Interested in buying in Peachland?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.