For Sale: 5940 Victoria Street, Peachland, BC - REW
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$1,100,000
2 bd • 1 ba • 936 sf • House
5940 Victoria Street
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$1,100,000
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5940 Victoria StreetPeachland, BC, V0H 1X4

  • 2 Bed
  • 1 Bath
  • 936 Sqft
  • House

About this home

Exciting development and investment opportunity in Peachland! This property features an existing renovated home that is currently rented, providing holding income while you explore the development potential. Zoned R1, the property has received a Preliminary Layout Review from the District of Peachland for a proposed two-lot subdivision, with the proposed lots meeting the required minimum dimensions. Importantly, District of Peachland Zoning Bylaw No. 2400 provides for a maximum density of up to four dwelling units on an R1 lot serviced with both municipal water and sewer. If the proposed subdivision is completed, each of the two resulting R1 lots could therefore have potential for up to four dwelling units, creating the potential for up to 8 units in total, subject to approvals and applicable requirements. Combined with BC’s Bill 44 housing legislation, this property offers significant future development potential. A new development featuring duplexes is also underway directly behind the property, highlighting continued residential growth in the area. An excellent opportunity for investors, builders or developers seeking rental income today and strong future development potential. Buyers are encouraged to verify permitted uses, density, servicing and development requirements with the District of Peachland. (id:63626)
Listed by: Mike Sollitt PREC*, Personal Real Estate Corporation, REMAX Kelowna

Home facts and features

Price details
List Price
$1,100,000
Get Pre-Approved
Gross Taxes for 2026
$2,783
Home facts
Bedrooms
2
Full Bathrooms
1
Parking Spaces
6
Parking Details
Additional Parking
Property Type
House
Lot Size
130 ft x 0 ft (16117 ft²)
Depth
Frontage
130.0 feet
Year Built
Built in 1945 (81 yrs old)
Title
Freehold
Exterior Finish
Stucco
Heating Type
Baseboard heaters, Electric, See remarks
Basement Details
Partial
Features
Irregular lot size
Appliances
Dryer, Range - Electric, Refrigerator, Washer
Agent details
Primary Agent
Mike Sollitt PREC*
Primary Broker
REMAX Kelowna
Listing details
Days on REW
5 Days
Property Views
11
MLS® Number
10397828
Source
Canadian Real Estate Association
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Amortization
25 Years
Interest Rate
3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Peachland Elementary
  • Public
  • Pre-K - 6
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Call Agent
Mike Sollitt PREC*
Phone:
(250) 826-7653
Cell:
250-826-7653
Office:
250-768-3339
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