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$2,250,000
Est. payment /mo
0.96 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Oliver
MLS® Listing ID 10393933
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Freehold
Property Description
An outstanding investment opportunity in the heart of Oliver, the Wine Capital of British Columbia. This spectacular 0.96-acre riverfront property combines an unbeatable location with exceptional development potential, offering approximately 900 feet of frontage along the river channel in a picturesque park-like setting. Ideally positioned within walking distance of downtown, the property also borders the International Hike & Bike Trail, providing future residents with immediate access to recreation, shopping, restaurants, and everyday conveniences. Currently zoned RH2, the site permits multi-family development of up to 75 apartments per acre, creating the potential for more than 300 apartment units across the entire parcel. The size and configuration also make it well suited for subdivision and phased development, providing flexibility for a variety of investment strategies. Municipal water and sewer services are available at the lot line, helping streamline future development. With exceptionally low vacancy rates throughout the South Okanagan and strong municipal support for additional housing, this is a rare opportunity to secure one of Oliver's premier multi-family development sites. Offered below appraised value. Purchase this parcel individually or combine it with the adjoining properties to assemble the full 4-acre development opportunity. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features Family Oriented
View Y/N Yes
View Mountain view
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Level
Others
Ownership Freehold
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Listed by Chamberlain Property Group
NEARBY PROPERTIES FOR SALE
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