5286 Buchanan Road, Peachland
BUILDERS, INVESTORS, DEVELOPERS look no further for an ideally positioned future development opportunity with rental income or personal use coverage in the interim. Gently sloped site, 180 degree Okanagan Lake views, walkable beach accesses, 30 minutes closer to Vancouver. The vision is here for a well timed acquisition in advance of the poised market recovery. This charming lakeview home with unstoppable views sits on .49 of an acre with public road access from both Buchanan Rd and Tailyour Ln. Numerous redevelopment options present themselves from 2 - 4 exclusive lakeview lots, up to 7 potential townhomes or a more comprehensive redevelopment through adjacent land acquisitions. The underused basement has the potential to add bedrooms and more rental revenue as well. Site power has been upgraded to 400 amps. (id:62865)
Status
Active
Year Built
1955
Property Type
House
Ownership
Freehold
Parking Spaces
8
Annual Tax
$4,488
Parcel Number
008-526-133
Data Source
Association of Interior REALTORS®
Bedrooms
2
Bathrooms
2
Living Area
1471 square feet
Architectural Style
Ranch
Basement
Partial
Flooring
Fireplace Features
Appliances
Lot Size
0.49 acres
Frontage
132.0 feet
Fencing
Fence
View
Lake view
Lot Features
Exterior Features
Foundation
Block
Roof
Asphalt shingle,Tar & gravel,Unknown
Heating
Baseboard heaters, Forced air, Electric, See remarks
Cooling
Central air conditioning
Water Source
Municipal water
Sewer
Municipal sewage system
$939,000
Office
Stilhavn Real Estate Services
Loan Amount:
$751,200
Estimated Monthly Payment:
$3,661
This is an estimate for informational purposes only. Consult with a financial advisor.
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