This expansive 1.28-acre property offers limitless potential for families or investors alike. Perfectly situated with quick access to Peachland’s District Centre and zoned R1, this property opens doors to exciting opportunities. Subdivide the lot to create two additional parcels, with new zoning regulations allowing up to four units per lot—offering the potential for up to nine units in total with this purchase. With the house already connected to sewer and access running through the property, future development is ideal. The five-bedroom, three-bath home is designed for comfort and versatility. The upper floor features four spacious bedrooms, including a primary suite with a brand-new custom shower, private patio doors, and easy access to the relaxing hot tub. An updated kitchen and flooring enhance the home’s appeal and the breathtaking views span from Kelowna to Penticton. On the main floor, you’ll find a large double-attached garage, a den, a laundry room, and a fully self-contained 1-bedroom suite with its own entrance and laundry—perfect for rental income or accommodating extended family. Additional features include a detached shop with potential as an art studio, a water softener system, and several recent updates: •New shingles for the house and shop (2020) •New hot water tank (2019) •Fresh rock landscaping •New deck railing and stairs (2023) This property’s stunning lake views, functional layout, and development potential make it a rare find. See Links. (id:4069)
Address
4622 Princeton Avenue
List Price
$1,599,999
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Peachland
Bedrooms
5
Bathrooms
3
Floor Area
2,870 Sq. Ft.
Lot Size
1.28 Sq. Ft.
Year Built
1997
MLS® Number
10332698
Listing Brokerage
Century 21 Assurance Realty Ltd
Basement Area
Remodeled Basement
Postal Code
V0H1X7
Site Influences
Schools, Shopping, View
Features
Private setting, Corner Site, Sloping, Balcony
