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5930 Columbia Ave - A 9.46 Acre Development Opportunity 4.28 - 5.18 Acre Residential Land Lots Offered at $3,450,000 - $3,650,000 CAD Per Lot in Peachland, BC V0H 1X4

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Investment Highlights

Two-parcel assembly totaling approximately 9.46 acres
Walkable access to Beach Avenue’s waterfront, dining, and retail amenities
Potential for over 200 residential units with density up to 24 units per acre

Elevated site offering panoramic views of Okanagan Lake
Located in a high-demand market with strong growth fundamentals and limited large-scale development sites

Executive Summary

An exceptional 9.5-acre development opportunity in Peachland, BC, located in one of the Okanagan’s most desirable lakefront communities. 5930 Columbia Avenue includes two parcels zoned RM3, with OCP support for RM4 zoning, allowing up to 24 units per acre and potential for 200+ homes. The property’s natural topography is ideal for lakeview condos, townhomes, or a mixed-density project, with elevated views of Okanagan Lake. Just a 10-minute walk to Beach Avenue, residents will enjoy cafés, restaurants, boutique shopping, parks, and the waterfront boardwalk. With approximately 9.46 acres total, this is a rare opportunity to secure a large-scale development site with strong upside in a high-demand market.

Property Facts

Price	$3,450,000 - $7,100,000 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Proposed Use	Multifamily
No. Lots	2	Total Lot Size	9.46 AC
Zoning	RM3 - Currently RM3 zoning. OCP indicates RM4 zoning.

Price	$3,450,000 - $7,100,000 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	2
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily
Total Lot Size	9.46 AC
Zoning	RM3 - Currently RM3 zoning. OCP indicates RM4 zoning.

2 Lots Available

Lot Block 13

Price	$3,650,000 CAD	Lot Size	5.18 AC
Price Per AC	$704,633.20 CAD

Price	$3,650,000 CAD
Price Per AC	$704,633.20 CAD
Lot Size	5.18 AC

Block 13, 5.18 acres of land for sale.

Lot Block 14

Price	$3,450,000 CAD	Lot Size	4.28 AC
Price Per AC	$806,074.77 CAD

Price	$3,450,000 CAD
Price Per AC	$806,074.77 CAD
Lot Size	4.28 AC

Block 14, 4.28 acres of land for sale.

Description

5930 Columbia Avenue in Peachland, BC consists of two parcels totaling approximately 9.46 acres. The site is zoned RM3 and supported by the OCP for RM4 zoning, which allows higher density residential development. The property is situated within walking distance of Beach Avenue and the waterfront area, which includes retail, dining, and recreational amenities. The land features sloping topography and offers lake views. Utilities include electricity availability, with no current water or sewer connections. Road access is via a paved roadway.