12349 Lake Hill Drive Lake Country, British Columbia V4V 1G2
$2,999,913
Rare Development Opportunity in the Heart of Lake Country Situated in the prestigious community of The Lakes, this 5.56-acre parcel represents one of the most exciting development opportunities in Lake Country. Subdivision plans have been prepared for a 14-lot bare land strata development, with PLR being issued and conditional approval granted, offering strong future opportunities for both developers and investors. The property’s gentle topography means minimized site work, keeping development costs efficient. RU1 zoning provides flexibility to build either single-family homes or full duplexes across the 14 lots, maximizing long-term value. With panoramic lake and valley views spanning the entire parcel and very few new lots available in this sought-after area, demand is expected to be strong. An existing 4000+ sq.ft., 5-bedroom home with an inground pool adds immediate value, offering rental income while subdivision plans progress. Inside, vaulted ceilings, expansive windows, and spacious living areas showcase the home’s charm and highlight its Okanagan views. There is also a separate entrance downstairs allowing for the opportunity to create an in-law suite. The location is truly unbeatable — minutes from schools, beaches, wineries, golf courses, shopping, and Kelowna International Airport. This is a rare opportunity to secure land in one of the Okanagan’s fastest-growing communities, with both immediate value and exceptional long-term development potential. (id:60329)
Property Details
| MLS® Number | 10362335 |
| Property Type | Other |
| Neigbourhood | Lake Country North West |
| Amenities Near By | Public Transit, Park, Recreation, Schools, Shopping |
| Community Features | Family Oriented |
| Parking Space Total | 12 |
Building
| Constructed Date | 1989 |
| Cooling Type | Wall Unit, Window Air Conditioner |
| Exterior Finish | Stucco |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Size Interior | 4,080 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Additional Parking | |
| Detached Garage | 2 |
Land
| Access Type | Easy Access |
| Acreage | Yes |
| Current Use | Mixed Use |
| Fence Type | Fence |
| Land Amenities | Public Transit, Park, Recreation, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 260 Ft |
| Size Irregular | 5.56 |
| Size Total | 5.56 Ac|5 - 10 Acres |
| Size Total Text | 5.56 Ac|5 - 10 Acres |
| Zoning Type | Unknown |
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September 10 2025 04:30:07
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