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.
Lot/land
C$4,090,000
4641 Princeton Ave, Peachland, BC V0H 1X7
--beds
--baths
2.65Acres
Unimproved Land
Built in ----
2.65 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Panoramic okanagan lake views
- 153 days
- on Zillow |
- 17 |
- 0 |
- Loading