$11,900,000 FOR SALE

Land

This spectacular multi-purpose vineyard property spans nearly 18 acres and provides a rare opportunity to own a little piece of heaven in the beautiful Okanagan. This 2-parcel property, currently zoned R1 & A2 with the OCP future land use designation as low density residential, is not in the ALR and allows for up to 105 detached residential units or 175 duplex/cluster housing units. All servicing incl. water, sewer, gas, and hydro to the property. Situated on a gradual slope parcel close to Okanagan Lake, this S/E facing property is gated on 2 sides and boasts panoramic lake views from the Bennett Bridge in Kelowna to the North & Penticton to the South. Lovingly curated by a master of his craft, the vines, mostly planted in 1997, are primarily sumptuous red varietals. The fruit from this vineyard has produced award winning Pinot Noir wines year after year. If winemaking is not a passion, a purchaser can develop this property into a vibrant new neighbourhood with possible options for hospitality lodging as well. There is a cozy 3-bedrm home on the property suitable for workers or rental and a state-of-the art nearly 3,000 SF warehouse for winemaking or storage purposes. This is a rare opportunity to grow a good yield of grapes, make wine, build a tasting room, add a small Agri-tourism accommodation, or redevelop into a master-planned community in an area where accommodation is in high demand. Come and have a tour of this magnificent property to see the potential for yourself! (id:47423)

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Listed By FaithWilson Christies International Real Estate
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 10288138
Last Updated Apr 15, 2024
Property Summary
Property Type Land

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Neighbourhood Peachland
Price History
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Detailed Information
Amenities Nearby Park, Recreation, Schools, Shopping
Features Sloping
Listing Contract Date 2023-11-06
Municipal ID 023-739-771
Ownership Type Freehold
Property Type Vacant Land
Road Paved road
Transaction Type For sale
Views Lake view, Mountain view, View (panoramic)
Waterfront Type Other
Zoning Unknown
Building
Type Other
Utility Water Municipal water
Utilities
Type Description
CableAt Lot Line
ElectricityAvailable
Natural GasAt Lot Line
TelephoneAt Lot Line
WaterAt Lot Line
Land
Total Size 17.67 acres
Acreage Yes
Amenities Park, Recreation, Schools, Shopping
Landscape Features Sloping
Sewer Municipal sewage system
Size of Irregular Land 17.67

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