About This Property
An exceptional 4.28 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)
At $809 per square foot, this 4.28-acre development site in Peachland is priced at a significant premium compared to the local market, likely reflecting the property's exceptional lake views and zoning potential. Given the scale and complexity of a project of this magnitude, this opportunity is best suited for experienced real estate developers with the financial resources and expertise to navigate the rezoning and construction process.
Property Details
Location
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