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Home BC Greater Kelowna Peachland
5140 Clarence Road
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5140 Clarence Road $4,950,000
$4,950,000
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5140 Clarence Road
Peachland, British Columbia V0H1X2

MLS® Number: 10323692

Listing Description

Opportunity to purchase this beautiful 8.3 acre parcel of land with breathtaking views overlooking Okanagan Lake. Lower portion of parcel (3.39 acres) currently zoned A2 (not in ALR) with OCP designation low density residential. The District of Peachland has noted the upper portion of the property to be reviewed for OCP amendment for upper 4.9 acres to low density residential in early 2025. Entire property has preliminary plans to be subdivided into 30 single family lots (28 duplex size) allowing for 58 units. Townhomes may be possible with R1 zoning. Buyer to do their own due diligence. A portion of the land abuts with New Monaco development, giving an exciting opportunity to tie into a massive development. Potential use of the upper portion as a vineyard - soil tests available. (37762275)

Property Summary

Property Type
Vacant Land
Building Type
Other
Neighbourhood Name
Peachland
Title
Freehold
Land Size
8.3 ac|5 - 10 acres
Annual Property Taxes
$5,388.72
Time on REALTOR.ca
57 days

Price and Sale History

Date Status Price
Oct 1, 2005 Sale Closed $310,000

Building

Building Features
Features
Treed, Irregular lot size
Utilities
Utility Type
Electricity (Available), Natural Gas (Available), Sewer (Available), Water (Available)
Water
Municipal water

Land

Lot Features
Present Use
Development residential
View
Lake view, Mountain view, Valley view, View of water, View (panoramic)
Other Property Information
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6

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