- ©MLS 10385220
Description
Unlock the full potential of this exceptional 1.53-acre development property located in the heart of the welcoming and vibrant community of Lumby. Designated R-3 zoning, the owner has plans for a seven duplex lot (14 units) + one single-family lot subdivision. The zoning allows for multi-family developments, row housing, fourplexes, triplexes, duplexes, and single-family dwellings, providing flexibility to align with your vision and investment goals. With full city services available, development is made more straightforward and cost-efficient. A standout feature of this parcel is its frontage on three separate streets, offering excellent access points and enhanced design possibilities for subdivision or multi-unit layouts. This unique characteristic opens the door to creative site planning and maximized density potential. The owner has dedicated significant funds and effort towards progressing towards subdivision, with a buyer able to benefit from such work. Located in a growing, community-oriented area, this property represents a rare opportunity to invest in land with both immediate usability and long-term upside. This property is perfectly positioned to take advantage of beautiful surrounding views, adding long-term appeal for future homeowners or tenants. Whether you’re envisioning a thoughtfully designed multi-unit project or a spacious residential retreat, this property delivers flexibility, location, and future potential. The owner is open to discussing a joint venture or a build-out of the community with a builder partner. (id:48970) Show More
Details
- Property Type: Vacant Land
- Type: Other
- Access Type: Easy access
- Road: Paved road
- Neighbourhood: Lumby Valley
Ammenities + Nearby
- Recreation
- Schools
- Shopping
- Recreation
- Schools
- Shopping
Features
- Valley view
Location
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Data provided by: Okanagan-Mainline Real Estate Board