5940 Victoria Street, Peachland, BC V0H1X4
5940 Victoria Street, Peachland, BC V0H1X4
5940 Victoria Street, Peachland, BC V0H1X4
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Jeffrey Sefton

Jeffrey Sefton

+1(250) 244-1762
$1,100,000
Est. payment /mo
2 Beds
1 Bath
936 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 936

Square Footage 936 sqft

Price per Sqft $1,175

Subdivision Peachland

MLS® Listing ID 10397828

Bedrooms 2

Year Built 1945

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Freehold

Property Description

Exciting development and investment opportunity in Peachland! This property features an existing renovated home that is currently rented, providing holding income while you explore the development potential. Zoned R1, the property has received a Preliminary Layout Review from the District of Peachland for a proposed two-lot subdivision, with the proposed lots meeting the required minimum dimensions. Importantly, District of Peachland Zoning Bylaw No. 2400 provides for a maximum density of up to four dwelling units on an R1 lot serviced with both municipal water and sewer. If the proposed subdivision is completed, each of the two resulting R1 lots could therefore have potential for up to four dwelling units, creating the potential for up to 8 units in total, subject to approvals and applicable requirements. Combined with BC's Bill 44 housing legislation, this property offers significant future development potential. A new development featuring duplexes is also underway directly behind the property, highlighting continued residential growth in the area. An excellent opportunity for investors, builders or developers seeking rental income today and strong future development potential. Buyers are encouraged to verify permitted uses, density, servicing and development requirements with the District of Peachland. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Second level 8'0'' x 39'0'' Loft

Extra Room 2 Main level 9'0'' x 7'0'' Laundry room

Extra Room 3 Main level Measurements not available 4pc Bathroom

Extra Room 4 Main level 9'0'' x 8'0'' Bedroom

Extra Room 5 Main level 11'0'' x 9'0'' Primary Bedroom

Extra Room 6 Main level 11'8'' x 11'8'' Kitchen

Interior

Heating Baseboard heaters, , See remarks

Exterior

Parking Features Yes

Community Features Family Oriented

View Y/N Yes

View Lake view, View (panoramic)

Roof Type Unknown

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Story 1.5

Sewer Municipal sewage system

Others

Ownership Freehold

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Jeffrey Sefton

Jeffrey Sefton

+1(250) 244-1762

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5940 Victoria Street