1348 Cedar Street
Okanagan Falls, British Columbia
MLS® 10354184
$1,950,000
- Status
- Active
- Property type
- House
- MLS® number
- 10354184
- Bedrooms
- 1
- Bathrooms
- 1
- Year built
- 1950
1 / 20Listing description
Strategic 3. 92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth.
The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution.
A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities.
Viewing by appointment only.
Property summary
- MLS® number
- 10354184
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,267 sq ft
- Title
- Freehold
- Land size
- 3.92 acres
- Built in
- 1950
- Annual property taxes
- $3,048.00
- Days on market
- 441 days
Features & details
- Heating
- See remarks
- Lot features
- Level lot
- Community features
- Family Oriented
- Waterfront
- Waterfront on river
- Architectural style
- Ranch
What would this home cost you?
Based on the $1,950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty, Penticton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.