$1,950,000

1348 Cedar Street, Okanagan Falls

Okanagan Falls, Okanagan Falls, BC V0H1R0

1 bd · 1 ba · 1,267 sq ft · Single-family home

Listed by eXp Realty

Waterfront home — see every Vernon-area waterfront listing.

About this property

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:67417)

Property details

Price

$1,950,000

MLS® number

10354184

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

1

Bathrooms

1

Living area

1,267 sq ft

Lot size

3.92 acres · 3.92

Year built

1950

Storeys

2

Annual taxes

$3,048

Community

Okanagan Falls, Okanagan Falls

Features

Style

Ranch

Heating

See remarks

Waterfront

Waterfront on river

Community

Family Oriented

Lot

Level lot

Water

Private Utility

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Main level	4pc Bathroom	8' x 6'
Main level	Primary Bedroom	9' x 9'
Main level	Kitchen	10' x 8'
Main level	Living room	18' x 12'

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