About this home
Positioned in a central Oliver neighborhood with highway access and lane access, close to local shops, schools, and everyday amenities, this flat 0.20-acre lot offers exceptional flexibility for investors and homeowners alike. Under current low-density zoning, the property allows for up to four units per parcel, providing an immediate path to multi-unit development, rental income, or long-term equity growth. The Official Community Plan designates the area for medium density in the near future, adding significant upside potential for future residential projects. Buyers could also choose to build a custom primary residence while living in or renting out the existing home during the planning phase. Situated in the heart of Canada's Wine Capital, the location provides quick access to Tuc-El-Nuit Lake, the Hike and Bike Trail, Fairview Mountain and Nk'Mip Canyon Desert Golf Courses, and nearby wineries. Whether you are looking to hold a versatile development site, generate steady cash flow in a stable South Okanagan market, or establish a foothold in a desirable community, this property delivers strong structural value and multiple strategies for future growth
Highlights & things to check
Highlights
- Per the listing, the 0.20-acre flat lot is zoned to allow up to four units per parcel.
- The listing notes lane access and highway access, and the lot is served by municipal water and sewer.
- Town centre is 950 m away, and Tuc-el-Nuit Elementary School is 690 m away.
- Annual property taxes are listed at $1,908.
Things to check
- Ask the City of Oliver what the current zoning allows on this lot and what approvals a multi-unit project would need.
- The listing says medium density is planned in the near future. Ask the City for the timing and status of that plan.
- The house was built in 1935. Ask about its age before planning any renovation or demolition.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 5814 Main Street
Neighbourhood scores
7.9 / 10Walk & bike score: 7.7 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Room sizes
Main level · 5 rooms
- 4pc Bathroom
- Bedroom7'8'' x 11'7''
- Primary Bedroom7'8'' x 13'6''
- Kitchen10'1'' x 9'7''
- Living room7'4'' x 11'2''
Property details
- Price
- $399,999
- MLS® number
- 10402315
- Property type
- Single-family home · House · Single Family
- Ownership
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 732 sq ft
- Lot size
- 0.2 acres · 0.2
- Year built
- 1935
- Storeys
- 1
- Annual taxes
- $1,908
- Community
- Oliver, Oliver
Features
- Style
- Ranch
- Basement
- Cellar
- Heating
- See remarks
- View
- Mountain view
- Fireplace
- Gas, Unknown
- Flooring
- Laminate
- Roof
- Asphalt shingle, Unknown
- Exterior
- Vinyl siding
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by Royal LePage South Country through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.