$6,500,000
'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:64133)
-
Property Details
MLS® Number 10396687 Property Type Vacant Land Neigbourhood Mun of Coldstream AmenitiesNearBy Public Transit, Park, Recreation CommunityFeatures Rural Setting, Pets Allowed, Seniors Oriented Features Treed, Irregular Lot Size RoadType Paved Road ViewType River View, Mountain View WaterFrontType Waterfront On Creek -
Building
Type Other Utility Water Municipal Water -
Land
Access Type Easy Access Acreage Yes Current Use Development Residential Land Amenities Public Transit, Park, Recreation Landscape Features Landscaped Size Irregular 16.94 Size Total 16.94 Ac|10 - 50 Acres Size Total Text 16.94 Ac|10 - 50 Acres Surface Water Creeks -
Utilities
Cable Available Electricity Available Telephone Available Water Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
Your Favourites
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 05 2026 10:52:51
Association of Interior REALTORS®
