1530 Reservoir Road | $3,900,000
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COLDWELL BANKER OKANAGAN RLTY
101 - 1873 Main Street
Penticton, BC
Canada V2A 5H2
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Data Source: Statistics Canada
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Address 1530 Reservoir Road
AreaPenticton
Sub AreaUplands/Redlands
State/ProvinceBritish Columbia
CountryCanada
Price$3,900,000
Property TypeLot
Lot Size77.00 Acres
Taxes $12,185
Tax Year2018
MLS® #173959

77 acre development property located at the entrance to the Naramata Bench, on Penticton's desirable "Upper bench". Expansive lake, city and valley view's surround you as do wineries, vineyards, agricultural and estate properties. All while being a 5 minute drive away from downtown Penticton. This site is located within an area which has been identified for future urban development consistent with the City's North East Sector Plan. The property is currently zoned FG allowing for a broad mix of unique land uses including estate residential, single family residential, townhouses, condominiums units and various commercial uses. The lower section of the property could lend itself well to a vineyard and winery site. There is an abundance of different development possibilities here or build a dream home on this incredible holding property and ensure a financial legacy. A Development Feasibility Study has been done outlining the numerous opportunities this property offers.


Listed by ROYAL LEPAGE LOCATIONS WEST


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