BUILDERS, INVESTORS, DEVELOPERS look no further for an ideally positioned future development opportunity with rental income or personal use coverage in the interim. Gently sloped site, 180 degree Okanagan Lake views, walkable beach accesses, 30 minutes closer to Vancouver. The vision is here for a well timed acquisition in advance of the poised market recovery. This charming lakeview home with unstoppable views sits on .49 of an acre with public road access from both Buchanan Rd and Tailyour Ln. Numerous redevelopment options present themselves from 2 - 4 exclusive lakeview lots, up to 7 potential townhomes or a more comprehensive redevelopment through adjacent land acquisitions. The underused basement has the potential to add bedrooms and more rental revenue as well. Site power has been upgraded to 400 amps. (id:4069)
Address
5286 Buchanan Road
List Price
$899,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
Sale
Area
British Columbia
Sub-Area
Peachland
Bedrooms
2
Bathrooms
2
Floor Area
1,471 Sq. Ft.
Lot Size
0.49 Sq. Ft.
Frontage Length
132 ft
Year Built
1955
MLS® Number
10384221
Listing Brokerage
Stilhavn Real Estate Services
Basement Area
Partial
Postal Code
V0H1X1
Ownership
Freehold
Parking Places (Total)
8
Site Influences
Recreation, View
Features
Corner Site, Sloping, Jacuzzi bath-tub, One Balcony
Appliances
Refrigerator, Dishwasher, Range - Gas
Heat Source
Electric
Heat Type
Baseboard heaters, Forced air, See remarks
Cooling Features
Central air conditioning
Fireplace
Yes
Number of Fireplaces
1
Foundation Details
Block
Number Of Floors In Building
1
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
