Proposed Multi-Family Waterfront, Summerland

$10,995,000 For Sale

OPPORTUNITY

Rare doesn't begin to describe the opportunity this waterfront parcel presents. Accessed from an existing, full paved & serviced side road, this is a level 6.6 acre parcel with gentle grading to 0kanagan Lake. Existing development proposal includes detailed lot structure for 12 parcels.

LOCATION

Situated across from an existing ALR parcel, to be planted as a cherry orchard, sided by a new residential development and a well established, private, seasonal park-camp. Less than 5 minutes to Summerland, providing full shopping services, dining and recreational activities. 15 minutes to Penticton and a regional airport. 30 minutes to West Kelowna, 40 minutes to Kelowna City Centre and less than 1 hour's drive to Kelowna International Airport


Proposed Multi-Family Waterfront, Summerland

  • MLS #182939
  • Lot Size6.6 Acres
  • 6.6 Acres of level, waterfront property, 1347 feet of Okanagan Lake waterfront
  • All lots front to Landry Crescent, a paved 2 lane side road with existing services & fire hydrants in place
  • Riparian Management Plan. - early March
  • Environmental Assessment- early March
  • Hydrological Report- early March
  • Professional Engineer Review of works- early March
  • Water Modelling- early March
  • Final Inspect by all municipal parties required prior to Final Approval-mid-March.
  • Zoned RMD / Medium Density Residential
  • Sided by Single Family Dwellings - Brand new construction of residential duplex, waterfront homes
  • The subject property is bordered by a an 8 unit Residential waterfront duplex development and a waterfront recreational site. A large parcel of land directly behind the subject property between Landry Crescent and Hwy 97 is in the Agricultural Land Reserve. The property will be developed into a cherry/ apple orchard and will include a a single residential dwelling.