1827 Mountain View Avenue

Description

Unlock the full potential of this exceptional 1.53-acre development property located in the heart of the welcoming and vibrant community of Lumby. Designated R-3 zoning, the owner has plans for a seven duplex lot (14 units) + one single-family lot subdivision. The zoning allows for multi-family developments, row housing, fourplexes, triplexes, duplexes, and single-family dwellings, providing flexibility to align with your vision and investment goals. With full city services available, development is made more straightforward and cost-efficient. A standout feature of this parcel is its frontage on three separate streets, offering excellent access points and enhanced design possibilities for subdivision or multi-unit layouts. This unique characteristic opens the door to creative site planning and maximized density potential. The owner has dedicated significant funds and effort towards progressing towards subdivision, with a buyer able to benefit from such work. Located in a growing, community-oriented area, this property represents a rare opportunity to invest in land with both immediate usability and long-term upside. This property is perfectly positioned to take advantage of beautiful surrounding views, adding long-term appeal for future homeowners or tenants. Whether you’re envisioning a thoughtfully designed multi-unit project or a spacious residential retreat, this property delivers flexibility, location, and future potential. The owner is open to discussing a joint venture or a build-out of the community with a builder partner. (id:63159)

Property Details

Annual property tax

$1,232

Brokerage

Sotheby's International Realty Canada

Location Insights

Population

2,063

(2021 Census)

+12.5% since 2016

Density

347.9/km²

Dwellings

861

Median household income

$77,000

After-tax

$70,500

Immigrant population

9.2%

Top countries of origin

• United Kingdom2.9% · 60
• United States of America1.2% · 25
• Netherlands0.5% · 10

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Vernon

25°C

—

Humidity 30%

Wind W 5 km/h

Today

26°

Tonight

14°

Thursday

22°

Thursday night

7°

Friday

21°

Friday night

9°

Source: Environment and Climate Change Canada.