$1,950,000
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:64133)
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Property Details
MLS® Number 10354184 Property Type Single Family Neigbourhood Okanagan Falls AmenitiesNearBy Park, Recreation, Schools, Shopping CommunityFeatures Family Oriented Features Level Lot WaterFrontType Waterfront On River -
Building
Bathroom Total 1 Bedrooms Total 1 Architectural Style Ranch Constructed Date 1950 Construction Style Attachment Detached Heating Type See Remarks Stories Total 2 Size Interior 1,267 Sqft Type House Utility Water Private Utility -
Land
Access Type Easy Access Acreage Yes Land Amenities Park, Recreation, Schools, Shopping Landscape Features Level Sewer Municipal Sewage System Size Irregular 3.92 Size Total 3.92 Ac|1 - 5 Acres Size Total Text 3.92 Ac|1 - 5 Acres -
Rooms
Level Type Length Width Dimensions Main Level 4pc Bathroom 6' x 8' Main Level Primary Bedroom 9' x 9' Main Level Kitchen 8' x 10' Main Level Living Room 12' x 18'
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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June 25 2026 07:32:43
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