$1,100,000

5940 Victoria Street, Peachland

Peachland, Peachland, BC V0H1X4

2 bd · 1 ba · 936 sq ft · Single-family home

Listed by REMAX Kelowna

About this property

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:67417)

Property details

Price

$1,100,000

MLS® number

10397828

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

2

Bathrooms

1

Living area

936 sq ft

Lot size

0.37 acres · 0.37

Frontage

130 feet

Year built

1945

Storeys

1.5

Parking spaces

6

Annual taxes

$2,783

Community

Peachland, Peachland

Features

Basement

Partial

Heating

Baseboard heaters, Electric, See remarks

Parking

Additional Parking

View

Lake view, View (panoramic)

Roof

Asphalt shingle, Unknown

Exterior

Stucco

Appliances

Washer, Refrigerator, Range - Electric, Dryer

Community

Family Oriented

Lot

Irregular lot size

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Second level	Loft	39'0'' x 8'0''
Main level	Laundry room	7'0'' x 9'0''
Main level	4pc Bathroom
Main level	Bedroom	8'0'' x 9'0''
Main level	Primary Bedroom	9'0'' x 11'0''
Main level	Kitchen	11'8'' x 11'8''
Main level	Living room	11'0'' x 13'7''

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