210 Co-op Avenue

Description

An outstanding investment opportunity in the heart of Oliver, the Wine Capital of British Columbia. This spectacular 4-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. Individual lots also available. (id:63159)

Property Details

Annual property tax

$10,601

Brokerage

Chamberlain Property Group

Location Insights

Population

5,094

(2021 Census)

+3.4% since 2016

Density

927.9/km²

Dwellings

2,445

Median household income

$68,500

After-tax

$62,400

Immigrant population

18.9%

Top countries of origin

• India5.4% · 275
• United Kingdom2.4% · 120
• United States of America1.3% · 65
• Portugal1.2% · 60
• Germany1.1% · 55
• El Salvador0.9% · 45
• Philippines0.8% · 40
• Netherlands0.6% · 30

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Osoyoos

26°C

—

Humidity 36%

Wind SSE 8 km/h

Today

27°

Tonight

15°

Thursday

23°

Thursday night

7°

Friday

21°

Friday night

9°

Source: Environment and Climate Change Canada.