Exciting development and investment opportunity in Peachland! This property features an existing renovated home that is currently rented, providing holding income while you explore the development potential. Zoned R1, the property has received a Preliminary Layout Review from the District of Peachland for a proposed two-lot subdivision, with the proposed lots meeting the required minimum dimensions. Importantly, District of Peachland Zoning Bylaw No. 2400 provides for a maximum density of up to four dwelling units on an R1 lot serviced with both municipal water and sewer. If the proposed subdivision is completed, each of the two resulting R1 lots could therefore have potential for up to four dwelling units, creating the potential for up to 8 units in total, subject to approvals and applicable requirements. Combined with BC’s Bill 44 housing legislation, this property offers significant future development potential. A new development featuring duplexes is also underway directly behind the property, highlighting continued residential growth in the area. An excellent opportunity for investors, builders or developers seeking rental income today and strong future development potential. Buyers are encouraged to verify permitted uses, density, servicing and development requirements with the District of Peachland. (id:44056)

Property Details

Full Address:
5940 Victoria Street, Peachland, British Columbia
Price:
$ 1,100,000
MLS Number:
10397828
List Date:
September 22nd, 2026
Lot Size:
0.37 ac
Year Built:
1945
Taxes:
$ 2,783

Interior Features

Bedrooms:
2
Bathrooms:
1
Total Rooms:
Appliances:
Washer, Refrigerator, Range - Electric, Dryer
Heating:
Baseboard heaters, Electric, See remarks
Basement:
Partial

Building Features

Storeys:
1.5
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco
Garage:
Additional Parking
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 2,783

Floors

Finished Area:
936 sq.ft.

Land

View:
Lake view, View (panoramic)
Lot Size:
0.37 ac
Lot Features:
Irregular lot size

Neighbourhood Features

Amenities Nearby:
Family Oriented

Ratings

Commercial Info

Neighbourhood Details

Location

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Mike Sollitt Personal Real Estate Corporation REMAX Kelowna
250-826-7653
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Listing Agent(s)

Lead Agent: Mike Sollitt
Office: REMAX Kelowna
Originating Board: Association of Interior REALTORS®

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