Prime 3.92-acre development opportunity in the heart of Ok Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this strategically located parcel offers excellent potential for future multi-family residential development in a growing South Okanagan community. Surrounded by established strata developments and residential neighbourhoods, the property benefits from a proven development pattern and strong compatibility with surrounding land uses. The largely level site stretches from Cedar Street to the Okanagan River, providing an efficient configuration for planning, access, and future development design. With services nearby and residential growth already established in the immediate area, this property presents a compelling opportunity for developers, builders, and investors seeking their next project. The size and layout of the parcel may also support a phased development approach, offering flexibility throughout the planning and construction process. An existing 1,250 sq. ft. home is situated on the property and may provide interim holding income while development plans are explored. Ideally located at the south end of Skaha Lake, Okanagan Falls continues to attract residents seeking a more attainable lifestyle within the South Okanagan, just minutes from Penticton, wineries, beaches, recreation, and amenities. Buyer to conduct their own due diligence regarding development potential, servicing capacity, zoning, and municipal requirements. (id:4069)
Address
1348 Cedar Street
List Price
$1,950,000
Property Type
Vacant Land
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Okanagan Falls
Lot Size
3.92 Sq. Ft.
MLS® Number
10392161
Listing Brokerage
eXp Realty
Postal Code
V0H1R0
Ownership
Freehold
Site Influences
Park, Recreation, Schools, Shopping, Waterfront
Features
Level lot
Community Features
Family Oriented
Water Source
Private Utility
Access To Property
Easy access
Sewer
Municipal sewage system
