DEVELOPMENT OPPORTUNITY 59 Unit Resort with Views of Okanagan Lake Peachland, British Columbia

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Delphia Smith
5 years ago
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1 A rare opportunity to acquire 89,700 sf (2 acres) of free titled commercial zoned property that can be developed into a strata titled resort with spectacular panoramic view of Okanagan Lake. Christopher Savage Leasing and Sales Dir info@chrissavage.ca Sutton -Group West Coast th Avenues, Surrey, BC Canada V4A-2J4 Main

2 Introduction & Opportunity ARIAL VIEWS/TOPOGRAPHY Prominently located in a constrained, high barrier to entry market providing investors with a durable competitive advantage. The Opportunity Sutton Group is pleased to present an opportunity to purchase a development site located at 6633 Highway 97 South in Peachland British Columbia.The site is zoned and approved to build a 59 unit strata titled resort. Total GFA for the project is 44,468 square feet, comprising of 59 residential resort units and ranging in size from 526 square feet to 972 square feet. The project is near shovel ready with all site plan approvals, architecture drawings, storm water drawings/reports, environmental reports, geotechnical reports and survey plans completed. Documents can be made available upon request through ShareFile. Notice of Approval Conditions will need to be renewed by the new owners. Site is located in Peachland along Highway 97 between Kelowna and Penticton. With stunning views of Okanogan Lake this site is well positioned for either immediate development or strategic investor to build out in the future. Features Situated on Highway 97 in Peachland unobstructed view of Okanogan Lake. Vacant land, ready for development Rezoned and site plan approved for immediate development Zoning in-place for 59 unit, 4-storey resort complex construction drawings are complete and available upon request.

Location Peachland Vancouver Peachland is within a days drive to over 9 million Consumers.

Positioned midway between Kelowna and Penticton, it is the perfect location to draw from both population centers, and is well positioned to act as a hub for wine and other tourism activities.

In the relatively brief winter season Peachland is centrally located to downhill skiing at Big White to the east and Apex Mountain to the south.

3 Location Peachland Vancouver Peachland is within a days drive to over 9 million Consumers. Peachland BC Situated on eleven kilometers of Okanagan lakefront, Peachland is in the very heart of the recreation paradise that is the Okanagan Valley. Positioned midway between Kelowna and Penticton, it is the perfect location to draw from both population centers, and is well positioned to act as a hub for wine and other tourism activities. Peachland is within easy reach of over 200 estate wineries and microbreweries. In the relatively brief winter season Peachland is centrally located to downhill skiing at Big White to the east and Apex Mountain to the south. Numerous hiking, biking, cross country skiing, and snow-mobiling trails are within minutes drive of Peachland. 10 Minutes to West Kelowna 25 Min to Kelowna 45 min to Kelowna International Airport 30 minutes to Penticton 35 minutes to Penticton Regional Airport Trading Area Okanagan Valley lies within reach of an extensive regional market. Within one day s drive (600K) are 9 million consumers, and within 2500KM by road or less than 3 hours by air a further 56 million consumers can be reached.

Peachland BC Freehold PID 001-605-780 Lot

4 Property Description Civic Address: Ownership Interest: 6633 Highway 97 Peachland BC Freehold PID Lot Area 89,725 SF 2.06 Acre Gross Floor Area 44,468 Parking 59 stalls Zoning: C5 Commercial 5 The intent of this zone is to provide for a mixture of commercial uses, personal services and tourist accommodation facilities

5 Property Description The subject property boasts over 640 feet of frontage allowing for every unit a 180 degree view of the lake.

6 ARIEL VIEWS

7 The subject property is flat and at lake level offering every unit an unobstructed amazing waterfront view. OFFERED AT $2,775,000

Court Ordered Sale ASKING PRICE 2,950,000. DISTRICT LOT 4501 WESTSIDE ROAD 279 ACRES, LAKE OKANAGAN WATERFRONT Central Okanagan Regional District

Court Ordered Sale ASKING PRICE 2,950,000. DISTRICT LOT 4501 WESTSIDE ROAD 279 ACRES, LAKE OKANAGAN WATERFRONT Central Okanagan Regional District Court Ordered Sale DISTRICT LOT 4501 WESTSIDE ROAD 279 ACRES, LAKE OKANAGAN WATERFRONT Central Okanagan Regional District ASKING PRICE 2,950,000 For more information please contact: Brian Tattrie Vice