850 Wiltse Blvd. & 160 Crow Place, Penticton, BC - Largest Remaining Family Subdivision in Penticton

Largest Remaining Family Subdivision in Penticton

850 Wiltse Blvd. & 160 Crow Place, Penticton, BC, V2A 7V8

Price:
$27,000,000

Property Description

HM Commercial Realty is pleased to present 317 acres of development land in Penticton, with stunning lake views and flat building benches. This is the largest remaining subdivision in the city for development.

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HIGHLIGHTS

  • 317 acres of residential development land
  • Series of natural flat benches
  • Stunning views of both Skaha Lake and Lake Okanagan
  • Largest remaining subdivision in Penticton for development
  • Freehold land (not leasehold)
  • Projected density of +/- 800 homes on lower level, with potential for more
  • Zoning bylaws now allow 3-6 units on each single-family lot
  • 125 acres +/- for future growth (50-100 estate lots)
  • 51.4% of the land (39.8 HA) is dedicated to Parks/Conservation Area
  • Grading plans, engineering reports/cost estimates available with signed NDA
  • Priced at $33,750/unit, with 125 acres as an additional long term hold

 

** The Vendor’s preference is to provide prospective buyers with 2 weeks to conduct advance due diligence so they can make an informed offer. A complete dataroom will be made available to those parties who sign a non-disclosure agreement.

850 Wiltse Boulevard, Penticton, BC, Canada

Additional Information

Municipal Address 850 Wiltse Blvd. & 160 Crow Place, Penticton, BC, V2A 7V8
Legal Description Lot B Plan KAP43260 District Lot 2710 Land District 54Except Plan KAP72732 & EPP74771 (850 Wiltse Blvd.) and Lot A Plan KAP70035 District Lot 2710 Land District 54 (160 Crow Place)
PID 016-182-448 and 025-172-468
Location Details Wiltse Flats is well located in the hills adjacent to the heart of Penticton. Walking distance to Wiltse Elementary School, 5 minutes to Walmart, restaurants, 10 minutes to Skaha Lake and Okanagan Lake beaches.
Development Site Area 316.526 AC
Land Area 316.526 AC
Zoning A,Agriculture, P1, Public Assembly, R1, Large Lot Residential
Future Land Use
(OCP)
Natural and Conservation Areas, Parks, Institutional and Civic, Ground Oriented Residential
Base Rent $39,589/unit PSF

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Personal Real Estate Corporation
Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

Marshall McAnerney

Personal Real Estate Corporation

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.