2557 Cedar Ridge Street (50 lots) Lumby (Lumby , British Columbia, CA ) Under Construction

$4,500,000 CAD
Natural, high-quality site for post Pandemic

Interlink Realty

  • Builder alert - Exurban Development
  • Type: Lots and Land
  • Style: 2 Story
  • Development Level: Under Construction
  • Lot Size: 160 acres
  • Suite: Potential

Description

160 acre wilderness property adjacent to the Shushwap Avenue suburb. It currently has a PLR(development permit) allowing up to 50 lots subdivision and each 2.5 acre. Seller can provide up to 50% vendor finance loan. The property is currently zoned as Small Holding (SH) 1 Ha size lots.

Located at the heart of Lumby, close to Vernon, Kelowna and Kamloops, this beautiful piece of (non ALR land, Small holding zoning) 160 acre is full of subdivision potential where it has a PLR document which have been issued by the district in 2022. Suitable for developers to create a 50 lots of 2.5 acre rural land subdivision. Many inquiries about getting small blocks of land in the Okanagan. Nearby lots are selling from $350,000-$400,000, with potential to go up the next few years. Awesome building block for people moving out from big cities like Vancouver, Toronto, Kelowna, or Calgary. The land has a qualified engineer report for the cost performa of the project. Water feasibility report have done on the property. These information can be shared to serious buyers upon request.

Attachments

P2#493907784
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