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1348 Cedar Street, Okanagan Falls
2025-07-02
Quick Summary
MLS®#10354184
Property Description
Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Recreation, Schools, Shopping
Building
- Architectural Style: Ranch
- Construction Style: Detached
- Fireplace: No
- Interior Size: 1267 sqft
- Building Type: House
- Stories: 2
- Utility Water: Private Utility
Features
- Feature: Level lot
Land
- Land Size: 3.92 ac|1 - 5 acres
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by eXp Realty
Listing information last updated on: 2026-04-15 00:02:33
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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