4641 Princeton Avenue

Prime Development Opportunity – Panoramic Okanagan Lake Views This 2.65-acre medium-density zoned property offers an exceptional opportunity for development in Peachland. Situated just above Okanagan Lake along Princeton Avenue, an active transportation corridor, the site is perfectly positioned for a high-quality multi-family project. Zoned RM4, the property has the potential for 46 townhomes and comes with a shovel-ready Development Permit package. The package includes a professionally engineered grading plan designed to minimize soil fill and retaining walls, along with completed geotechnical, hydrogeological, and traffic studies. A full architectural plan has been developed, featuring four terraced building areas to ensure every home enjoys breathtaking lake views. Significant financial contributions have already been made, including $90K in Community Amenity Contributions and $94K toward transportation and transit improvements, both paid to the District. Additionally, the project is eligible for approximately $130K in road improvement DCC credits, subject to District Engineering confirmation. With seller financing available and flexible closing terms, this is a rare opportunity to secure a turnkey, development-ready site in one of the Okanagan’s most sought-after locations. Serious inquiries only – full documentation and professional reports available upon request. (id:45055)

• Property Details

  MLS® Number	10339316
  Property Type	Vacant Land
  Neigbourhood	Peachland
  RoadType	Paved Road
  ViewType	Lake View, Mountain View
  WaterFrontType	Other

• Building

  Type	Other
  UtilityWater	Municipal Water

• Land

  Acreage	Yes
  Sewer	Municipal Sewage System
  SizeFrontage	528 Ft
  SizeIrregular	2.65
  SizeTotal	2.65 Ac|1 - 5 Acres
  SizeTotalText	2.65 Ac|1 - 5 Acres

• Rooms
• Utilities

  Cable	At Lot Line
  Electricity	Available
  Natural Gas	At Lot Line
  Telephone	At Lot Line
  Water	At Lot Line