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5940 Victoria Street, Peachland
2026-09-23
Quick Summary
- Location
- 5940 Victoria Street, Peachland, British Columbia V0H1X4
- Price
- $1,100,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 936 sqft
- Bedrooms:
- 2
- Bathrooms:
- 1
- Garages:
- 6
- Year of Construction:
- 1945
MLS®#10397828
Property Description
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 BCâs 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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Recreation, Shopping
Building
- Appliances: Refrigerator, Dryer, Range - Electric, Washer
- Basement Type: Partial
- Construction Style: Detached
- Exterior Finish: Stucco
- Fireplace: No
- Interior Size: 936 sqft
- Building Type: House
- Stories: 1.5
- Utility Water: Municipal water
Features
- Feature: Irregular lot size
Land
- Land Size: 0.37 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by REMAX Kelowna
Listing information last updated on: 2026-09-22 22:18:28
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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.
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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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Glen MacKenzie REALTOR®. Member of The Canadian Real Estate Association & more
- Phone:
- (250) 870-4536
- Mobile:
- (250) 870-4536
- Email:
- onepercentglen@shaw.ca
- Support Area:
- Areas serviced in the Central Okanagan include all sub divisions of: Kelowna, Westbank, West Kelowna, Peachland
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