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:4069)
Address
1348 Cedar Street
List Price
$2,175,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
Sale
Area
British Columbia
Sub-Area
Okanagan Falls
Bedrooms
1
Bathrooms
1
Floor Area
1,267 Sq. Ft.
Lot Size
3.92 Sq. Ft.
Year Built
1950
MLS® Number
10354184
Listing Brokerage
eXp Realty
Postal Code
V0H1R0
Site Influences
Park, Recreation, Schools, Shopping, Waterfront
Features
Level lot
