9102/9104/Lot 3 of 9108 Mackie Drive
Coldstream, British Columbia
MLS® 10396687
$6,500,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 10396687
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 5Listing description
'Senior Living' development property opportunity! This rare offering includes 3 Titles, within the existing (approx. 22 acre) parent property know as Coldstream Meadows.
Approx. 8. 1 acres of the Land is vacant land, the rest is access & amenities.
The zoning is RCD2 - in the desirable North Okanagan, Municipality of Coldstream, & is a site specific zoning that was created to accommodate a Senior's Campus of Care concept w/ Independent Living, Assisted Living, & future Complex Care facilities. This land is unique, mostly flat, & in a beautiful Rural setting, yet only minutes away from urban development. It is located in the ALR, (Agricultural Land Reserve) but due to its long history of institutional use, that pre-dates the ALR, it has received approval, in 2021 (ALC Resolution #371/2021) for a non-farm use, to build up to 463 residential units for seniors care and seniors housing.
There are currently 75 (privately owned) residential 55+ strata units, that were built between 2009 and now (these are not for sale ), but the vacant land, & other amenities portions, are being sold by Court Ordered Sale. With zoning approval from Coldstream, a future expansion of up to 388 more residential seniors housing & senior care units, is possible, to bring the total residential units, as approved by the ALC decision, up to a maximum of 463 units. There is currently a great need for quality seniors care & housing, & the NEW Coldstream Meadows has the potential to provide that and more!
Property summary
- MLS® number
- 10396687
- Property type
- Vacant Land
- Building type
- Other
- Title
- Freehold
- Land size
- 16.94 acres
- Annual property taxes
- $9,166.00
- Days on market
- 38 days
Features & details
- Lot features
- Treed, Irregular lot size
- Community features
- Rural Setting, Seniors Oriented, Pets Allowed
- View
- Mountain view, River view
- Waterfront
- Waterfront on creek
What would this home cost you?
Based on the $6,500,000 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 RE/MAX Vernon, Vernon.
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.
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