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| Ad Listing Number 1038 | |
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TERRIFIC HOLDING PROPERTY Buy owner direct, no fees! Superb - long term holding property.....or short term development!! | |
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Now rezoned and approved for sub-division. Minutes from town, with dramatic lake,
valley and mountain views. Private, well-treed, paved road, well and power in. Driveways
in and building sites roughed in. Cost to complete is less than $50,000. Conservative
market valuation upon completion is $887,000! Being offered "as is" for
$550,000 due to personal and health reasons. Completion of this sub-division will
proceed unless sold as is in the "very near future"!
SOLD Just minutes east of downtown Osoyoos, this property is next to Hwy. No. 3 with paved access directly on to Whitetail Road. It has just been rezoned into Large Holdings, and is approved for sub-division. Driveways are in and there is a well and power on the property. This property has spectacular mountian, valley and lake views to the west. The property is well treed and very private. New zoning allows for multiple uses, including horses, multiple buildings,etc. Estimates to complete this sub-division, including two additional wells, perc tests , driveways graded, top-dressed and re-packed, finishing work to the building sites, will be less than $ 50,000. On completion of the above, a very conservative current market value estimate for the lots has been suggested at being $887,000 ( based on there being three lots). Should the buyer wish to further sub-divide, it is feasible to do so by making the appropriate application to RDOS and Ministry of Highways. It should be noted that parcels of this size are increasingly rare, especially in light of the recent re-zoning, and the dramatic growth in the warmest climate in Canada! This 50 acre parcel is being offered, as is, for $ 550,000! The vendor is motivated to sell due to health related issues. The completion of the sub-division will proceed unless the entire property is sold in the very near future. The opportunity here is obvious.
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