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
- 141 days
- on Zillow |
- 18 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 20, 2025 at 08:32pm
Listed by:
Hailey Ying Huang,
Oakwyn Realty Okanagan-Letnick Estates
Source: Association of Interior REALTORS,MLS®#: 10339316Originating MLS®#: Association of Interior REALTORS
Travel times
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
- Waterfront features: Other
Lot
- Size: 2.65 Acres
- Dimensions: 528.00 x 544.00
Details
- Parcel number: 011012307
- Zoning: RR1
Utilities & green energy
- Sewer: Not Connected (at lot), Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Peachland
Financial & listing details
- Annual tax amount: C$9,002
- Date on market: 3/17/2025
- Ownership: Freehold,Fee Simple
- Road surface type: Paved
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