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$ 11,500,000
Est. payment /mo
Active
5460 McDougald Road Peachland, BC V0H1X8
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4000
Square Footage 4,000 sqft
Price per Sqft $2,875
Subdivision Peachland
MLS® Listing ID 10374058
Year Built 2018
Lot Size 20.610 Acres
Acres 20.61
Property Sub-Type Freehold
Property Description
*PEACHLAND DEVELOPMENT OPPORTUNITY: MODULAR HOME COMMUNITY* Rare opportunity to acquire or partner on a fully analysed 20acre residential development site in Peachland. The project is close to shovel-ready to convert underutilised industrial land into a 105-unit, master-planned modular home community. This opportunity addresses Peachland's need for attainable housing and is positioned for strong developer and investor returns. The land is wholly owned, unencumbered, and supported by extensive technical groundwork, with all major development risks identified and mitigated. The proposed concept features approximately 105 detached modular homes (1,200-1,700 sq. ft.) targeting retirees, down-sizers, and attainable ownership buyers. Key advantages include faster construction timelines, predictable pricing, and proven demand in the Okanagan. Phase 1 financials project a gross profit of \~$22.6M, with Phase 2 offering an upside of \~65 additional units. Servicing and infrastructure costs have been fully identified and budgeted. OCP amendment and rezoning are the remaining steps. *OPTION 2 INDUSTRIAL PARK* Keep the zoning as is and continue with the Industrial Park. The existing 40x100 warehouse and property are leased out for approximately $16,000 a month. Opportunity to build 7 more warehouses with 1 site already prepped and ready to poor concrete for a 50x100 warehouse.. Sewer, septic, water and gas to the existing warehouse. Seller will entertain Joint Venture (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Attached Garage No
Garage Yes
Private Pool No
Building
Lot Description Level
Sewer Septic tank
Others
Ownership Freehold
Listed by Engel & Volkers Okanagan
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