https://www.city2cityrealty.com
4641 Princeton Avenue, Peachland
Peachland
Vacant Land
$4,090,000
For sale
0 BEDS
0 BATHS

REQUEST DETAILS

Description

Prime Development Opportunity ??? Panoramic Okanagan Lake Views This 2.65-acre medium-density zoned property offers an exceptional opportunity for development in Peachland. Situated just above Okanagan Lake along Princeton Avenue, an active transportation corridor, the site is perfectly positioned for a high-quality multi-family project. Zoned RM4, the property has the potential for 46 townhomes and comes with a shovel-ready Development Permit package. The package includes a professionally engineered grading plan designed to minimize soil fill and retaining walls, along with completed geotechnical, hydrogeological, and traffic studies. A full architectural plan has been developed, featuring four terraced building areas to ensure every home enjoys breathtaking lake views. Significant financial contributions have already been made, including $90K in Community Amenity Contributions and $94K toward transportation and transit improvements, both paid to the District. Additionally, the project is eligible for approximately $130K in road improvement DCC credits, subject to District Engineering confirmation. With seller financing available and flexible closing terms, this is a rare opportunity to secure a turnkey, development-ready site in one of the Okanagan???s most sought-after locations. Serious inquiries only ??? full documentation and professional reports available upon request.

General Info

10339316
0
2.65 ac|1 - 5 acres
Mortgage Calculator
Purchase Amount $ 4,090,000
Down Payment
Interest Rate
Payment Interval:
Mortgage Term (Years)

Similar Properties

$1,388,000
1504 TIDEVIEW ROAD
2.65 ac|1 - 5 acres
11 3295 SUNNYSIDE ROAD
2.65 ac|1 - 5 acres
LOT 2 AIRPARK ROAD
2.65 ac|1 - 5 acres
Lot A Ulverston Ave
2.65 ac|1 - 5 acres
$2,750,000
202 9453 120st  Delta BC,Delta
CITY 2 CITY REAL ESTATE SERVICES
4641 Princeton Avenue, Peachland
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.