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| 5940 Victoria Street Peachland V0H1X4 |
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| Price : $1,100,000 |
Listing ID : 10397828
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2 
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1 
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| Property Type : Single Family |
Building Type : House |
| Title : Freehold |
Finished Area : 936 sqft |
| Built in : 1945 |
Total Parking Spaces : 6 |
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Exciting development and investment opportunity in Peachland! This property features an existing renovated home that is currently rented, providing holding income while you explore the development potential. Zoned R1, the property has received a Preliminary Layout Review from the District of Peachland for a proposed two-lot subdivision, with the proposed lots meeting the required minimum dimensions. Importantly, District of Peachland Zoning Bylaw No. 2400 provides for a maximum density of up to four dwelling units on an R1 lot serviced with both municipal water and sewer. If the proposed subdivision is completed, each of the two resulting R1 lots could therefore have potential for up to four dwelling units, creating the potential for up to 8 units in total, subject to approvals and applicable requirements. Combined with BC’s Bill 44 housing legislation, this property offers significant future development potential. A new development featuring duplexes is also underway directly behind the property, highlighting continued residential growth in the area. An excellent opportunity for investors, builders or developers seeking rental income today and strong future development potential. Buyers are encouraged to verify permitted uses, density, servicing and development requirements with the District of Peachland. (id:56537)
Call (250)-864-7337 for showing information. |
| Details |
| Amenities Nearby : Recreation, Shopping |
Access : Easy access |
Appliances Inc : Refrigerator, Dryer, Range - Electric, Washer |
| Community Features : Family Oriented |
Features : Irregular lot size |
Structures : - |
| Total Parking Spaces : 6 |
View : Lake view, View (panoramic) |
Waterfront : - |
| Zoning Type : - |
| Building |
| Architecture Style : - |
Bathrooms (Partial) : 0 |
Cooling : - |
| Fire Protection : - |
Fireplace Fuel : - |
Fireplace Type : - |
| Floor Space : - |
Flooring : - |
Foundation Type : - |
| Heating Fuel : Electric |
Heating Type : Baseboard heaters, See remarks |
Roof Style : Unknown |
| Roofing Material : Asphalt shingle |
Sewer : Municipal sewage system |
Utility Water : Municipal water |
| Basement |
| Type : Partial |
Development : - |
Features : - |
| Land |
| Landscape Features : - |
| Rooms |
| Level : |
Type : |
Dimensions : |
| Main level |
4pc Bathroom |
Measurements not available |
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Bedroom |
9'0'' x 8'0'' |
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Kitchen |
11'8'' x 11'8'' |
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Laundry room |
9'0'' x 7'0'' |
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Living room |
13'7'' x 11'0'' |
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Primary Bedroom |
11'0'' x 9'0'' |
| Second level |
Loft |
8'0'' x 39'0'' |
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Data from sources believed reliable but should not be relied upon without verification. All measurements are
approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate
Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently
under contract.
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