5948 Highway 97
Peachland, British Columbia V0H1X7

This 0.99-acre semi-lakeshore property is ready for immediate development and zoned RM4, offering the potential for up to 23 units with flex units (legal suites). With a 0.75 FAR and a maximum height of 4 storeys (16.8m), this site is ideal for a condo or townhouse development. Enjoy stunning Okanagan Lake views and the convenience of being just a 4-minute walk to Peachland’s Beach Ave (Downtown), offering restaurants, shops, cafes, and other local amenities. Located across the road from a boat launch and dog beach, this property presents an excellent opportunity to develop a residential community that takes full advantage of its lakeside location and proximity to Peachland’s vibrant amenities. Ministry of Highways reduced speed limits from 90km/h to a 70km/h zone, coupled with close proximity to traffic light eases overall speed of vehicles. Property has higher density potential due to zoning limitations of area by the District. VTB mortgage possible. (38363671)