Thompson + Crocker Real Estate Group - 250-487-7000

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Lots/Acreage in Penticton

$3900000.00
1530 RESERVOIR ROAD - MLS® #: 173959
  • (200)
  • 102
  • 224
  • 0 Bedrooms
  • 0 Bathrooms
  • - Sq Ft
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Thompson + Crocker Real Estate Group
250-487-7000

Description

77 acre development property located at the entrance to the Naramata Bench, on Penticton\'s desirable "Upper bench". Expansive lake, city and valley view\'s surround you as do wineries, vineyards, agricultural and estate properties. All while being a 5 minute drive away from downtown Penticton. This site is located within an area which has been identified for future urban development consistent with the City\'s North East Sector Plan. The property is currently zoned FG allowing for a broad mix of unique land uses including estate residential, single family residential, townhouses, condominiums units and various commercial uses. The lower section of the property could lend itself well to a vineyard and winery site. There is an abundance of different development possibilities here or build a dream home on this incredible holding property and ensure a financial legacy. A Development Feasibility Study has been done outlining the numerous opportunities this property offers.

Amenities

Garage
Heating
Fireplace
None
Foundation

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Listing data last updated date: 2018-07-25 17:10:07

Copyright 2010 by the South Okanagan Real Estate Board Ltd. and the REALTORS Association of South Okanagan. All Rights Reserved.

Listing Agent: STEVE THOMPSON, PREC*