2864 Arawana Road
Naramata, British Columbia
MLS® 10402273
$2,995,000
- Status
- Active
- Property type
- House
- MLS® number
- 10402273
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1954
Listing description
Set on 10. 2 acres of the Naramata Bench, 2864 Arawana Road combines sweeping views of Okanagan Lake, the mountains and surrounding vineyards with an established 3-acre vineyard, two income-producing residences and a substantial 6,500 sq. ft.
outbuilding. This is an investment with lifestyle built in. The main home is a 2-bedroom rancher with a bright, inviting living room centered around a fireplace.
It opens onto a large balcony overlooking the valley and lake. The home is currently rented, providing income from day one. The 1,160 sq.
ft. unfinished basement has its own exterior entrance and offers room for future use, subject to approvals. The separate 1-bedroom, 1-bathroom cottage has been a licensed, highly rated vacation rental for the past two years.
It features a spacious lake-view deck, its own fireplace and a carport. Keep it as a short-term rental, switch it to longer-term tenancy, or keep it as a private guest retreat for family and friends. The outbuilding is what sets this property apart.
At 6,500 sq. ft. , it’s a significant structure with major construction already in place, including renderings for five partially completed suite spaces.
That gives a buyer with vision a real head start, whether for guest accommodation, a studio, a workshop, a wellness space or a gathering venue. The property is zoned AG1. Buyers should verify permitted uses, permits and approvals with the appropriate authorities.
All of this is minutes from Naramata Village, renowned wineries, the KVR Trail and Penticton, in the heart of one of the Okanagan’s most sought-after wine and recreation destinations. Duplicate listing with MLS 10402276.
Property summary
- MLS® number
- 10402273
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,154 sq ft
- Title
- Freehold
- Land size
- 9.59 acres
- Built in
- 1954
- Annual property taxes
- $6,499.00
- Parking
- RV, Oversize, Additional Parking
- Days on market
- 10 days
Features & details
- Heating
- Forced air, See remarks
- Cooling
- Central air conditioning
- Flooring
- Carpeted, Vinyl, Mixed Flooring
- Appliances
- Refrigerator, Range, Oven, Hood Fan, Washer & Dryer
- Exterior features
- Stucco, Other, Aluminum
- Lot features
- Private setting, Treed
- Community features
- Family Oriented, Rural Setting
- View
- Lake view, Mountain view, Valley view, View (panoramic), Unknown
- Architectural style
- Ranch
What would this home cost you?
Based on the $2,995,000 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 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.