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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 1,950,000

Est. payment | -/mo

1 Bed

1 Bath

1,267 SqFt

Save Virtual Tour

$ 1,950,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

1,267 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1267

Square Footage 1,267 sqft

Price per Sqft $1,539

Subdivision Okanagan Falls

MLS® Listing ID 10354184

Style Ranch

Bedrooms 1

Year Built 1950

Lot Size 3.920 Acres

Acres 3.92

Property Sub-Type Freehold

Property Description

Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Main level 6' x 8' 4pc Bathroom

Extra Room 2 Main level 9' x 9' Primary Bedroom

Extra Room 3 Main level 8' x 10' Kitchen

Extra Room 4 Main level 12' x 18' Living room

Interior

Heating See remarks

Exterior

Parking Features No

Community Features Family Oriented

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Lot Description Level

Story 2

Sewer Municipal sewage system

Architectural Style Ranch

Others

Ownership Freehold

Virtual Tour https://www.youtube.com/watch?v=SfMhT2RY2PI

Listed by eXp Realty

1348 Cedar Street Okanagan Falls, BC V0H1R0