Rare RM1 Development Opportunity with Panoramic Lake Views. Exceptional investment and development opportunity in one of the area’s most desirable central locations. This nearly half-acre RM1-zoned property allows for up to 14 multi-family units, offering outstanding potential for builders and investors looking to capitalize on a high-demand lakeside setting. Perfectly positioned directly across from a public beach and park, the property enjoys unobstructed east-facing lake views, a premium feature that will add lasting value and appeal to any future development. Ideally located just one block from an elementary school and daycare, this site is exceptionally well suited for family-oriented rental or strata projects. The existing 3-bedroom home is currently tenanted, providing valuable holding income while development plans are underway. A rare combination of location, zoning, views, and income potential This is a standout opportunity for serious developers and long-term investors. (id:67517)
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Property Details
MLS® Number 10381208 Property Type Single Family Neigbourhood Osoyoos ParkingSpaceTotal 2 ViewType Lake View, Mountain View WaterFrontType Other -
Building
BathroomTotal 1 BedroomsTotal 3 ArchitecturalStyle Bungalow ConstructedDate 1957 ConstructionStyleAttachment Detached CoolingType Wall Unit, Window Air Conditioner HeatingType Forced Air RoofMaterial Asphalt Shingle RoofStyle Unknown StoriesTotal 1 SizeInterior 1,283 Sqft Type House UtilityWater Municipal Water See Remarks Detached Garage 2 Other Oversize -
Land
Acreage No Sewer Municipal Sewage System SizeIrregular 0.45 SizeTotal 0.45 Ac|under 1 Acre SizeTotalText 0.45 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Main Level Full Bathroom Measurements not available Main Level Bedroom 9'7'' x 10'8'' Main Level Bedroom 10'6'' x 10'1'' Main Level Primary Bedroom 11'2'' x 13'2'' Main Level Living Room 22'2'' x 12'2'' Main Level Kitchen 12'2'' x 12'10'' -
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August 12 2026 09:30:08
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