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Renanza Realty
For sale

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.

Estimated monthly payment$13,935 /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.