$11,995,000

A rare opportunity to acquire approximately 18 acres of prime, lakeview property in Peachland, BC, located at 6212 Gummow Rd. and 6266 Lipsett Ave. Set above Okanagan Lake, this remarkable parcel offers stunning panoramic views stretching from the Bennett Bridge in Kelowna to Penticton. Planted in vineyard since 1998, the land features 16 acres of certified organic, award-winning red varietals, including Pinot Noir. While the vineyard is fully operational and income-producing, the property is not within the Agricultural Land Reserve (ALR), which opens the door for significant development potential. Designated for residential zoning under the Peachland Official Community Plan (OCP), the site allows for up to 12 duplex units or 6 single-family homes per acre, making it ideal for a master-planned lakeview community. Each future lot would enjoy sweeping 180-degree lake and mountain vistas. Alternatively, the property could be used strategically as trade-in land to facilitate ALR removals elsewhere. Whether continuing as a boutique vineyard or transforming into a high-end residential development, this property combines natural beauty, strategic location, and exceptional investment potential. (id:61463)