5940 Victoria Street, Peachland, British Columbia V0H 1X4
$1,100,000
- 2 bedrooms
- 1 bathroom
- 936 Square Feet
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 ... read more
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:39198)
- Listing ID: 10397828
- Property Type: Single Family
- Year Built: 1945
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 0.37 Ac (Under 1 Acre) |
| Parking: | Additional Parking 6 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Range - Electric, Washer and Refrigerator |
| HVAC: | Baseboard Heaters, Fireplace and See Remarks Electric |
| Exterior: | Stucco and Asphalt Shingle |
| Basement: | Partial |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| Town: | Peachland |
| Province: | British Columbia |
| Nearby Amenities: | Recreation and Shopping |
| Community Features: | Family Oriented |
| Rooms | Level | Dimensions |
|---|---|---|
| Loft | Second level | 8'0'' x 39'0'' |
| Laundry room | Main level | 9'0'' x 7'0'' |
| 4pc Bathroom | Main level | |
| Bedroom | Main level | 9'0'' x 8'0'' |
| Primary Bedroom | Main level | 11'0'' x 9'0'' |
| Kitchen | Main level | 11'8'' x 11'8'' |
| Living room | Main level | 13'7'' x 11'0'' |
Book a showing to see this Victoria Home in Peachland
This property has so much to offer. Book a private showing now, as you do not want to miss out on 5940 Victoria Street in Peachland, British Columbia!
Private Showing Request
Send a request to book a private showing for
.
Please Note: Information you supply in the contact form will be kept fully confidential.
Is this home the right property for you? Start a conversation to find out.
Provided by REMAX Kelowna. MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Have questions or need more information about this home? Don't know where to begin? Then, let us connect you with the best real estate agent to guide you.
Inquiries submitted through this website will be responded to by a local sales representative from Royal LePage®.
Start a Conversation by Text
Provide your full name, phone and email to start a conversation by text message.
Please Note: Information you supply in the contact form will be kept fully confidential.
Start a Conversation by Email
Provide your full name and email to start a conversation by email.
Please Note: Information you supply in the contact form will be kept fully confidential.