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$1,500,000

Est. payment - /mo

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3 Beds

3 Baths

2,450 SqFt

Price Dropped by $45K

6101 Lipsett Avenue Peachland, BC V0H1X7

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Andrew Loewen

andrew.loewen@exprealty.com +1(250) 801-6713

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2450

Square Footage 2,450 sqft

Price per Sqft $612

Subdivision Peachland

MLS® Listing ID 10389543

Style Ranch

Bedrooms 3

Year Built 1975

Lot Size 2.840 Acres

Acres 2.84

Property Sub-Type Freehold

Property Description

Developer Liquidation – Exceptional Development Opportunity. Priced $771,000 Below BC Assessment. A rare opportunity to acquire a premium 2.85-acre lakeview development site in Peachland at an exceptional value. The seller is reducing inventory, creating an outstanding opportunity for developers, builders, and long-term investors. The property is currently zoned RR1, but designated Medium Density Residential under the future Official Community Plan (anticipated August 2026), allowing for approximately 25 townhome units per hectare under RM3 zoning. Combined with panoramic, unobstructed Okanagan Lake views, this is a prime site for future redevelopment. Generate holding income while advancing plans with a meticulously maintained 2,450 sq. ft. home featuring 3 bedrooms, 3 bathrooms, plus a separate carriage house (currently vacant) ideal for rental income or additional accommodation. Strategically located on Princeton Avenue, a designated active transportation corridor, the property offers excellent accessibility within one of Peachland's most desirable lakeview communities. Highlights: $771,000 below BC Assessment, 2.85-acre future RM3 development site, Approx. 25 townhome units/hectare, Panoramic Okanagan Lake views, Existing home + carriage house for holding income, Outstanding long-term development potential. Large lakeview development parcels of this caliber are increasingly rare. Secure this exceptional investment at a price well below assessed value. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Basement 5'8'' x 9'3'' 3pc Bathroom

Extra Room 2 Basement 10'10'' x 49'9'' Storage

Extra Room 3 Basement 15'4'' x 27'11'' Family room

Extra Room 4 Basement 9'9'' x 13'11'' Bedroom

Extra Room 5 Main level 7'3'' x 10'7'' Laundry room

Extra Room 6 Main level 9'7'' x 17'4'' Sunroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Community Features Pets Allowed, Rentals Allowed

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style Ranch

Others

Ownership Freehold

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Listed by The Agency Kelowna

NEARBY SCHOOL & BUSINESS

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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6101 Lipsett Avenue Peachland, BC V0H1X7

Andrew Loewen

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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6101 Lipsett Avenue