Osoyoos mixed-use development site sold for $2.7M

The site's zoning allows for high-density residential development with additional commercial space

By
for Western Investor
January 21, 2019





peanut lake
 
A mixed-use development site on Peanut Lake in downtown Osoyoos has sold for $2.7 million, according to NAI Commercial Okanagan. 
 
The unique 8.78-acre property’s current CD8 zoning allow for high-density residential development, with commercial frontage. The zoning allows for three midrise residential buildings with a total of 237 units. The site has 450-feet of water frontage along Peanut Lake and is walking distance to Lake Osoyoos. 
 
The property is located at 9110 & 9120 Main St., Osoyoos. 
 

Breakdown: 

 
Price: $2,700,000
Lot Size: 8.78 acres 
Property Type: Land 
Zoning: CD8
2018 B.C. Assessment Value: $2,094,000
Date of Sale: 01/15/2019
City: Osoyoos 
Province: B.C.
Name of Brokerage: NAI Commercial Okanagan Ltd
 
 

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