'Senior Living' development property opportunity! This rare offering includes 3 Titles, within the existing (approx. 22 acre) parent property know as Coldstream Meadows. Approx. 8.1 acres of the Land is vacant land, the rest is access & amenities. The zoning is RCD2 - in the desirable North Okanagan, Municipality of Coldstream, & is a site specific zoning that was created to accommodate a Senior's Campus of Care concept w/ Independent Living, Assisted Living, & future Complex Care facilities. This land is unique, mostly flat, & in a beautiful Rural setting, yet only minutes away from urban development. It is located in the ALR, (Agricultural Land Reserve) but due to its long history of institutional use, that pre-dates the ALR, it has received approval, in 2021 (ALC Resolution #371/2021) for a non-farm use, to build up to 463 residential units for seniors care and seniors housing. There are currently 75 (privately owned) residential 55+ strata units, that were built between 2009 and now (these are not for sale ), but the vacant land, & other amenities portions, are being sold by Court Ordered Sale. With zoning approval from Coldstream, a future expansion of up to 388 more residential seniors housing & senior care units, is possible, to bring the total residential units, as approved by the ALC decision, up to a maximum of 463 units. There is currently a great need for quality seniors care & housing, & the NEW Coldstream Meadows has the potential to provide that and more! (id:4069)
Address
9102/9104/Lot 3 of 9108 Mackie Drive
List Price
$6,500,000
Property Type
Vacant Land
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Coldstream
Lot Size
16.94 Ac.
MLS® Number
10396687
Listing Brokerage
RE/MAX Vernon
| Royal LePage Kelowna
Postal Code
V1B1H1
Ownership
Freehold
Site Influences
Public Transit, Park, Recreation, Waterfront, View
Features
Treed, Irregular lot size
Community Features
Rural Setting, Pets Allowed, Seniors Oriented
Water Source
Municipal water
Access To Property
Easy access
