MLS: 10397828
5940 Victoria Street
936 sqft
2 Bedrooms
1 Bathrooms
$1,100,000
Exciting development and investment opportunity in Peachland! This property features an existing renovated home that is currently rented, providing holding income while you explore the development potential. Zoned R1, the property has received a Preliminary Layout Review from the District of Peachland for a proposed two-lot subdivision, with the proposed lots meeting the required minimum dimensions. Importantly, District of Peachland Zoning Bylaw No. 2400 provides for a maximum density of up to four dwelling units on an R1 lot serviced with both municipal water and sewer. If the proposed subdivision is completed, each of the two resulting R1 lots could therefore have potential for up to four dwelling units, creating the potential for up to 8 units in total, subject to approvals and applicable requirements. Combined with BC’s Bill 44 housing legislation, this property offers significant future development potential. A new development featuring duplexes is also underway directly behind the property, highlighting continued residential growth in the area. An excellent opportunity for investors, builders or developers seeking rental income today and strong future development potential. Buyers are encouraged to verify permitted uses, density, servicing and development requirements with the District of Peachland. (id:6770)
Investment Opportunities 2 bedrooms Single Family Home < 1 AcreListed by Mike Sollitt
REMAX Kelowna
Share this listing
Overview
- Price $1,100,000
- MLS # 10397828
- Age 1945
- Stories 1.5
- Size 936 sqft
- Bedrooms 2
- Bathrooms 1
- Exterior Stucco
- Appliances Refrigerator, Dryer, Rang
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Mike Sollitt
- Listing Office REMAX Kelowna
- View Lake view, View (panorami
Contact an agent for more information or to set up a viewing.
Listings tagged as Single Family Home
Listings tagged as Investment Opportunities
Content tagged as Best of Kelowna
Listings tagged as 2 bedrooms
5815 Oleander (SL 46) Drive Unit# 500, Osoyoos
$425,000
Gordon Lockhart of Sutton Group Seafair Realty
