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2680 CEDAR RIDGE Street Unit# Proposed Phase 2 Lot# 1 & 2
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2680 CEDAR RIDGE Street Unit# Proposed Phase 2 Lot# 1 & 2 $1,500,000
Price Change on 11/27/2025
$1,500,000
+$1,207,000
$293,000
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2680 CEDAR RIDGE Street Unit# Proposed Phase 2 Lot# 1 & 2
Lumby, British Columbia V0E2G5

MLS® Number: 10321471

Listing Description

LAND ASSEMBLY – DEVELOPMENT OPPORTUNITY (SUNTOWER SUBDIVISION) Phase 2, Lots 1 and 2 of the Suntower subdivision are now offered as a combined land assembly, presenting an exceptional opportunity for builders, investors, or long-term landholders. Both lots will be delivered with paved road access and full extended city service connections to the lot line, including 400-amp power, municipal water, storm, and sewer, creating a ready-to-build environment. Zoned R7 (Low-Density Residential/RV) within the Regional District of North Okanagan, the site supports single-family, two-family, and secondary-suite development, with a maximum 35% lot coverage and up to 2 storeys (10 m height limit). Based on zoning and lot dimensions, Lot 1 supports an estimated 15,659 Sq. Ft. of potential buildable floor area, while Lot 2 supports approximately 21,070, offering meaningful future redevelopment capacity as demand increases. Lot 2 also includes a beautifully maintained 4,156 sq. ft. log home built in 2004, featuring two primary bedrooms with ensuites, a main three-piece bath, and three generous loft-level bonus rooms. The main floor offers durable tile throughout with efficient in-floor heating powered by a pellet stove, plus a secondary electric option. Both the home and detached garage are finished with long-lasting clay tile roofing (30–80 year lifespan). The property also includes an attached double garage, allowing covered parking for up to five vehicles. This assembly provides strong holding value—ideal for renting out the existing home for 5–10 years to offset carrying costs—while preparing for future redevelopment aligned with the growth and demand of the Suntower subdivision (37809530)

Property Summary

Property Type
Vacant Land
Building Type
Other
Neighbourhood Name
Lumby Valley
Title
Freehold
Land Size
1.2 ac|1 - 5 acres
Annual Property Taxes
$0
Time on REALTOR.ca
438 days

Building

Building Features
Features
Cul-de-sac
Utilities
Utility Type
Cable (At Lot Line), Electricity (At Lot Line), Natural Gas (At Lot Line), Telephone (At Lot Line), Sewer (Available), Water (At Lot Line)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
Family Oriented, Rural Setting, Pets Allowed, Rentals Allowed
Amenities Nearby
Park, Recreation, Schools

Land

Lot Features
Frontage
442 ft
Road Type
Paved road, Cul de sac
View
Mountain view, Valley view
Other Property Information
Access
Easy access
Waterfront Features
Waterfront
Waterfront nearby
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250-308-4337
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Coldwell Banker Executives Realty
102-2901 32 St
Vernon, British Columbia V1T5M2
250-549-2103
250-549-2106
Office Website

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