12349 Lake Hill Drive new Save Request In-Person Tour Request Virtual Tour
Lake Country,BC V4V1G2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $735
Subdivision Lake Country North West
MLS Listing ID 10362113
Style Split level entry
Bedrooms 5
Year Built 1989
Lot Size 5.560 Acres
Acres 5.56
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Rare Development Opportunity in the Heart of Lake Country Situated in the prestigious community of The Lakes, this 5.56-acre parcel represents one of the most exciting development opportunities in Lake Country. Subdivision plans have been prepared for a 14-lot bare land strata development, with the PLR issued, offering strong future opportunities for both developers and investors. The property's gentle topography means minimized site work, keeping development costs efficient. RU1 zoning provides flexibility to build either single-family homes or full duplexes across the 14 lots, maximizing long-term value. With panoramic lake and valley views spanning the entire parcel and very few new lots available in this sought-after area, demand is expected to be strong. An existing 4000+ sq.ft., 5-bedroom home with an inground pool adds immediate value, offering rental income while subdivision plans progress. Inside, vaulted ceilings, expansive windows, and spacious living areas showcase the home's charm and highlight its Okanagan views. There is also a separate entrance downstairs allowing for the opportunity to create an in-law suite. The location is truly unbeatable — minutes from schools, beaches, wineries, golf courses, shopping, and Kelowna International Airport. This is a rare opportunity to secure land in one of the Okanagan's fastest-growing communities, with both immediate value and exceptional long-term development potential. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Extra Room 1 Second level 12'9'' x 4'4'' Other
Extra Room 2 Second level 14'11'' x 20'1'' Primary Bedroom
Extra Room 3 Second level 14'11'' x 12'2'' Bedroom
Extra Room 4 Second level 8'1'' x 5'11'' 3pc Ensuite bath
Extra Room 5 Lower level 9'10'' x 18'9'' Utility room
Extra Room 6 Lower level 9'10'' x 10' Storage
Interior
Heating Baseboard heaters,,See remarks
Cooling Wall unit,Window air conditioner
Flooring Hardwood,Tile
Fireplaces Number 2
Fireplaces Type Conventional
Exterior
Parking Features Yes
Garage Spaces 2.0
Garage Description 2
Fence Fence
Community Features Family Oriented
View Y/N Yes
View Lake view,Mountain view,View (panoramic)
Roof Type Unknown
Total Parking Spaces 12
Private Pool Yes
Building
Story 1.5
Sewer Municipal sewage system
Architectural Style Split level entry
Others
Ownership Freehold
Virtual Tour https://youriguide.com/12349_lake_hill_dr_lake_country_bc/