3 Bedrooms

3 Bathrooms

2,450 sqft

$1,795,000

Incredible Investment Opportunity – Over $475,000 Below Assessed Value! This stunning 2.85-acre property offers unmatched panoramic views of Okanagan Lake and is priced to sell. Located in the desirable community of Peachland, the land is designated as “Medium Density Residential (RM4)” in the future Official Community Plan (OCP), opening the door for exciting development potential. At the heart of the property is a beautifully maintained 2,450 sq ft main home, featuring 3 bedrooms and 3 bathrooms, complemented by a charming carriage house—ideal for guests, rental income, or extended family (currently rented for $800 per month). Situated along Princeton Ave, a key active transportation corridor, this location offers the perfect balance of tranquility and accessibility. Whether you're looking for a prime holding property or your dream lakeview residence, this one checks all the boxes. Key Highlights: Priced $475,000+ below assessed value, 2.85 acres with development potential (RM4 future designation), Spectacular lake views, Spacious 3 bed / 3 bath main home + carriage house, Future growth corridor along Princeton Ave. Don’t miss this rare opportunity—properties like this rarely come to market at such exceptional value. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10389543
  Property Type	Single Family
  Neigbourhood	Peachland
  CommunityFeatures	Pets Allowed, Rentals Allowed
  ParkingSpaceTotal	2

• Building

  Bathroom Total	3
  Bedrooms Total	3
  Architectural Style	Ranch
  Basement Type	Full
  Constructed Date	1975
  Construction Style Attachment	Detached
  Cooling Type	Central Air Conditioning
  Heating Type	Forced Air
  Stories Total	2
  Size Interior	2,450 Sqft
  Type	House
  Utility Water	Municipal Water

  Parking

  Detached Garage

  2

• Land

  Acreage	Yes
  Sewer	Municipal Sewage System
  Size Irregular	2.84
  Size Total	2.84 Ac|1 - 5 Acres
  Size Total Text	2.84 Ac|1 - 5 Acres

• Rooms

  Level	Type	Length	Width	Dimensions
  Basement	3pc Bathroom			5'8'' x 9'3''
  Basement	Storage			10'10'' x 49'9''
  Basement	Family Room			15'4'' x 27'11''
  Basement	Bedroom			9'9'' x 13'11''
  Main Level	Laundry Room			7'3'' x 10'7''
  Main Level	Sunroom			9'7'' x 17'4''
  Main Level	4pc Bathroom			Measurements not available
  Main Level	Kitchen			11'9'' x 14'5''
  Main Level	Living Room			12'2'' x 16'8''
  Main Level	Den			6'8'' x 8'
  Main Level	3pc Bathroom			Measurements not available
  Main Level	Bedroom			10'8'' x 11'0''
  Main Level	Dining Room			7'9'' x 10'
  Main Level	Primary Bedroom			13'11'' x 14'10''