1348 Cedar Street

Description

Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only. (id:63159)

Property Details

Annual property tax

$3,048

Brokerage

eXp Realty

Community features

Family Oriented

Location Insights

Weather

Nearest station: Penticton

25°C

Partly Cloudy

Humidity 41%

Wind SSE 23 km/h

Today

27°

Tonight

15°

Thursday

23°

Thursday night

7°

Friday

21°

Friday night

9°

Source: Environment and Climate Change Canada.