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$ 6,500,000
Est. payment | /mo
16.94 Acres Lot
$ 6,500,000
Est. payment | /mo
16.94 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Mun Of Coldstream
MLS® Listing ID 10396687
Lot Size 16.940 Acres
Acres 16.94
Property Sub-Type Freehold
Property Description
'Senior Living' development property opportunity! This rare offering includes 3 Titles, within the existing (approx. 22 acre) parent property know as Coldstream Meadows. Approx. 8.1 acres of the Land is vacant land, the rest is access & amenities. The zoning is RCD2 - in the desirable North Okanagan, Municipality of Coldstream, & is a site specific zoning that was created to accommodate a Senior's Campus of Care concept w/ Independent Living, Assisted Living, & future Complex Care facilities. This land is unique, mostly flat, & in a beautiful Rural setting, yet only minutes away from urban development. It is located in the ALR, (Agricultural Land Reserve) but due to its long history of institutional use, that pre-dates the ALR, it has received approval, in 2021 (ALC Resolution #371/2021) for a non-farm use, to build up to 463 residential units for seniors care and seniors housing. There are currently 75 (privately owned) residential 55+ strata units, that were built between 2009 and now (these are not for sale ), but the vacant land, & other amenities portions, are being sold by Court Ordered Sale. With zoning approval from Coldstream, a future expansion of up to 388 more residential seniors housing & senior care units, is possible, to bring the total residential units, as approved by the ALC decision, up to a maximum of 463 units. There is currently a great need for quality seniors care & housing, & the NEW Coldstream Meadows has the potential to provide that and more! (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features Rural Setting, Pets Allowed, Seniors Oriented
View Y/N Yes
View River view, Mountain view
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Landscaped
Others
Ownership Freehold
Listed by RE/MAX Vernon
Nearby Locations
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1 - 1890 Cooper Road, KELOWNA, British Columbia, V1Y 8B7, CA