About 1348 Cedar Street
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:6289)
1348 Cedar Street, MLS#: 10354184 is located in the Okanagan Falls neighborhood of Okanagan Falls, British Columbia, Postal Code: V0H1R0. The House home is 1,267 sq. ft. with 1 bedrooms and 1 bathrooms.
The Single Family House property was constructed in 1950.
The property is currently listed at $1,950,000 and recently experienced a price decrease of $225000 on 2026-06-25 15:01:44..
