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Renanza Realty
For sale

210 Co-op Avenue Unit# Proposed Lot# 3

Oliver, British Columbia

MLS® 10393935

$2,250,000

Status
Active
Property type
Vacant land
MLS® number
10393935
Bedrooms
Bathrooms
Year built

Listing description

An outstanding investment opportunity in the heart of Oliver, the Wine Capital of British Columbia. This spectacular 1-acre riverfront property combines an unbeatable location with exceptional development potential, offering approximately 900 feet of frontage along the river channel in a picturesque park-like setting. Ideally positioned within walking distance of downtown, the property also borders the International Hike & Bike Trail, providing future residents with immediate access to recreation, shopping, restaurants, and everyday conveniences.

Currently zoned RH2, the site permits multi-family development of up to 75 apartments per acre, creating the potential for more than 300 apartment units across the entire parcel. The size and configuration also make it well suited for subdivision and phased development, providing flexibility for a variety of investment strategies. Municipal water and sewer services are available at the lot line, helping streamline future development.

With exceptionally low vacancy rates throughout the South Okanagan and strong municipal support for additional housing, this is a rare opportunity to secure one of Oliver's premier multi-family development sites. Offered below appraised value. Purchase this parcel individually or combine it with the adjoining properties to assemble the full 4-acre development opportunity.

Property summary

MLS® number
10393935
Property type
Vacant Land
Building type
Other
Title
Freehold
Land size
1 acres
Annual property taxes
$10,601.50
Days on market
66 days

Features & details

Lot features
Level lot, Irregular lot size
Community features
Family Oriented
View
Mountain view
Waterfront
Waterfront on river

What would this home cost you?

Based on the $2,250,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$10,469 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Chamberlain Property Group, 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.