Key Facts
- MLS® #: 10356387
- Property ID: SIRC2531977
- Property Type: Residential, Single Family Detached
- Living Space: 1,283 sq.ft.
- Lot Size: 0.45 ac
- Year Built: 1957
- Bedrooms: 3
- Bathrooms: 1
- Listed By:
- RE/MAX Realty Solutions
Property Description
Prime RM1 Development Opportunity with Stunning Lake Views
An exceptional development opportunity in a prime central location — this RM1-zoned property spans nearly half an acre and allows for up to 14 multi-family units. Ideally positioned directly across from a public beach and park, it offers unobstructed east-facing lake views that will add significant appeal and value to any future project. Just one block from an elementary school and daycare, this site is perfectly suited for family-oriented rental or strata developments. The existing 3-bedroom home requires some TLC but can be rented for holding income while development plans are underway. With strong fundamentals, a high-demand location, and excellent redevelopment potential, this is a must-see for serious builders and investors.
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Location
6406 89th Street, Osoyoos, British Columbia, V0H 1V1 Canada
Around this property
Information about the area within a 5-minute walk of this property.
- 34.41% 65 to 79 years
- 20.45% 50 to 64 years
- 12.54% 80 and over
- 11.36% 35 to 49
- 10.47% 20 to 34
- 3.47% 15 to 19
- 2.74% 10 to 14
- 2.61% 0 to 4
- 1.95% 5 to 9
- Households in the area are:
- 61.39% Single family
- 33.89% Single person
- 4.72% Multi person
- 0% Multi family
- $83,642 Average household income
- $40,181 Average individual income
- People in the area speak:
- 84.67% English
- 6.05% Punjabi (Panjabi)
- 2.05% German
- 1.53% English and non-official language(s)
- 1.52% French
- 1.38% Portuguese
- 0.79% Dutch
- 0.79% Hungarian
- 0.66% Spanish
- 0.57% Tagalog (Pilipino, Filipino)
- Housing in the area comprises of:
- 47.69% Single detached
- 32.02% Apartment 1-4 floors
- 8.49% Row houses
- 7.01% Duplex
- 4.79% Semi detached
- 0% Apartment 5 or more floors
- Others commute by:
- 12.89% Foot
- 1.76% Bicycle
- 1.01% Other
- 0% Public transit
- 36.88% High school
- 22.85% Did not graduate high school
- 17.34% College certificate
- 12.7% Trade certificate
- 8.51% Bachelor degree
- 1.73% Post graduate degree
- 0% University certificate
- The average air quality index for the area is 2
- The area receives 141.51 mm of precipitation annually.
- The area experiences 7.4 extremely hot days (34.03°C) per year.
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- Principal and Interest $4,634 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a