1530 RESERVOIR ROAD Penticton, British Columbia Penticton MLS# 173959

$ 3,900,000

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. (id:22688)

Overview

Lot Size77 ac acres
NeighbourhoodPenticton
Property TypeLots & Acreages
Ownership TypeFreehold
Listing Office:ROYAL LEPAGE LOCATIONS WEST

Features

ViewLake view, Mountain view

Location

The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.