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4607 Princeton Av

2.05 Acres of Commercial Land Offered at $2,531,645 USD in Peachland, BC V0H 1X7

Commercial Land British Columbia Peachland 4607 Princeton Av, Peachland, BC V0H 1X7

Investment Highlights

  • Amazing waterfront views
  • 22 townhome units
  • Located in the Central Okanagan

Executive Summary

The project presents the opportunity to develop a multi-unit
townhome strata with unobstructed panoramic views of
Okanagan Lake in the sought-after Lower Princeton
Neighborhood. THIRD reading has been received, with 0.75 FSR,
zoning change to RM4, servicing at the lot line and 180 degree
Lake Views.
The Okanagan is one of the fastest growing areas in North
America, with the Metro-Kelowna area (Peachland to Lake
Country) identified as the fastest growing metropolitan area in
Canada by the 2016-2021 Census. Peachland is a pro
development area, easy council to work with and this site has
amazing ROI opportunity; with the high-demand for attainable
housing and rental units this project is great for all investors.
It boasts an amazing climate, natural beauty, strong
economy, and “big city” amenities. It is known for being a 4
season playground that is blessed with lake activities, world
renowned wineries, ski hills, hiking trails, and more natural beauty
than almost anywhere on the planet.

Attachments

Princeton

Property Facts

Price $2,531,645 USD Property Subtype Commercial
Sale Type Investment Proposed Use
Apartment Units
  • Apartment Units - Condo
No. Lots 1 Total Lot Size 2.05 AC
Property Type Land
Price $2,531,645 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 2.05 AC

1 Lot Available

Lot

Price $2,531,645 USD Lot Size 2.05 AC
Price Per AC $1,234,949 USD
Price $2,531,645 USD
Price Per AC $1,234,949 USD
Lot Size 2.05 AC

Description

The property is located less than a 3- minute drive to the public boatlaunch, Beach Ave, Heritage Park and Peachland’s Downtown; and about a 10-minute drive to larger amenities such as the Westbank Walmart Supercentre, Superstore, Save on Foods, Canadian Tire, Home Depot, and more.

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zoning

Zoning Code RR1
RR1
(604) 428-5255

Contacts

  • Listing ID: 33923072

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 4607 Princeton Av, Peachland, BC V0H 1X7

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4607 Princeton Av, Peachland, BC for sale Primary Photo- Image 1 of 2
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4607 Princeton Av
(604) 428-5255 x

4607 Princeton Av

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Mark Nemish

(604) 428-5255

(604) 428-5255

Bikram Singh

(604) 379-5353

(604) 379-5353

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