$849,900
Rare RM1 Development Opportunity with Panoramic Lake Views. Exceptional investment and development opportunity in one of the area’s most desirable central locations. This nearly half-acre RM1-zoned property allows for up to 14 multi-family units, offering outstanding potential for builders and investors looking to capitalize on a high-demand lakeside setting. Perfectly positioned directly across from a public beach and park, the property enjoys unobstructed east-facing lake views, a premium feature that will add lasting value and appeal to any future development. Ideally located just one block from an elementary school and daycare, this site is exceptionally well suited for family-oriented rental or strata projects. The existing 3-bedroom home is currently tenanted, providing valuable holding income while development plans are underway. A rare combination of location, zoning, views, and income potential This is a standout opportunity for serious developers and long-term investors. (id:64133)
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Property Details
MLS® Number 10381208 Property Type Single Family Neigbourhood Osoyoos ParkingSpaceTotal 2 ViewType Lake View, Mountain View WaterFrontType Other -
Building
Bathroom Total 1 Bedrooms Total 3 Architectural Style Bungalow Constructed Date 1957 Construction Style Attachment Detached Cooling Type Wall Unit, Window Air Conditioner Heating Type Forced Air Roof Material Asphalt Shingle Roof Style Unknown Stories Total 1 Size Interior 1,283 Sqft Type House Utility Water Municipal Water Parking
See Remarks Detached Garage 2 Other Oversize -
Land
Acreage No Sewer Municipal Sewage System Size Irregular 0.45 Size Total 0.45 Ac|under 1 Acre Size Total Text 0.45 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Main Level Full Bathroom Measurements not available Main Level Bedroom 9'7'' x 10'8'' Main Level Bedroom 10'6'' x 10'1'' Main Level Primary Bedroom 11'2'' x 13'2'' Main Level Living Room 22'2'' x 12'2'' Main Level Kitchen 12'2'' x 12'10''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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August 12 2026 09:30:08
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