About This Property
475.677 acres across four titles, located in the District of Lake Country boundaries. Parcel “1” is the crown jewel of the offering, offering 136.35 acres of land on the world-renowned Kalamalka Lake, with +/-3,150 feet of lakeshore frontage; Approximately 2.1 acres of this parcel are in the ALR. This parcel is being used as an active and well-known gravel pit operation/extraction, Pier Mac Sand and Gravel. This parcel also offers a large shop. Immediately to the east of this parcel is parcel “2” , comprising 160 acres, completely outside of the ALR. To the South of this parcel is parcel “3” , comprising of 149.98 acres also outside of the ALR. Parcel “4” is 29.33 acres in the ALR, and offers the sales component of the gravel/sand operations. This parcel offers another shop area and a scale shack + equipment. The majority of the lands have an Official Community Plan (OCP) Future Land Use designation of “Rural” , applicable to parcels 1, 2, and 3. Parcel 4 has a future land use of Urban Residential and Agricultural. Asking price includes equipment/machinery, cell tower agreement, all materials + reserves, and property (at time of listing; subject to future adjustments at time of sale). District of Lake Country is reviewing its OCP and are open to development ideas. Inquire for details. (id:64973)
At $94,660 per acre, this 475.677-acre Lake Country offering is priced significantly above the local market average for vacant land. However, the prime lakefront location and active gravel pit operation could make this an attractive acquisition for a developer or resource-based business seeking large-scale development opportunities in the Okanagan region. Given the size, commercial zoning, and natural resource assets, this property would be best suited for a commercial or industrial developer with the capital and expertise to maximize the potential of the land and generate returns from the existing gravel pit business.
Property Details
Location
Interested in buying in Lake Country?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.