9102/9104/Lot 3 of 9108 Mackie Drive

Description

'Senior Living' development property opportunity! This rare offering includes 3 Titles, within the existing (approx. 22 acre) parent property know as Coldstream Meadows. Approx. 8.1 acres of the Land is vacant land, the rest is access & amenities. The zoning is RCD2 - in the desirable North Okanagan, Municipality of Coldstream, & is a site specific zoning that was created to accommodate a Senior's Campus of Care concept w/ Independent Living, Assisted Living, & future Complex Care facilities. This land is unique, mostly flat, & in a beautiful Rural setting, yet only minutes away from urban development. It is located in the ALR, (Agricultural Land Reserve) but due to its long history of institutional use, that pre-dates the ALR, it has received approval, in 2021 (ALC Resolution #371/2021) for a non-farm use, to build up to 463 residential units for seniors care and seniors housing. There are currently 75 (privately owned) residential 55+ strata units, that were built between 2009 and now (these are not for sale ), but the vacant land, & other amenities portions, are being sold by Court Ordered Sale. With zoning approval from Coldstream, a future expansion of up to 388 more residential seniors housing & senior care units, is possible, to bring the total residential units, as approved by the ALC decision, up to a maximum of 463 units. There is currently a great need for quality seniors care & housing, & the NEW Coldstream Meadows has the potential to provide that and more! (id:63159)

Property Details

Annual property tax

$9,166

Brokerage

RE/MAX Vernon

Community features

Rural Setting, Seniors Oriented, Pets Allowed

Location Insights

Population

11,171

(2021 Census)

+4.9% since 2016

Density

167.8/km²

Dwellings

4,341

Median household income

$110,000

After-tax

$97,000

Immigrant population

11.4%

Top countries of origin

• United Kingdom2.4% · 265
• Germany1.3% · 150
• United States of America0.8% · 90
• India0.7% · 75
• South Africa, Republic of0.5% · 60
• Poland0.4% · 50
• Netherlands0.4% · 40
• China0.3% · 35

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.