9102/9104/lot 3 Of 9108 Mackie Drive Coldstream, British Columbia V1B 1H1

$6,500,000

'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:25164)

Property Details

MLS® Number	10396687
Property Type	Vacant Land
Neigbourhood	Mun of Coldstream
Amenities Near By	Public Transit, Park, Recreation
Community Features	Rural Setting, Pets Allowed, Seniors Oriented
Features	Treed, Irregular Lot Size
Road Type	Paved Road
View Type	River View, Mountain View
Water Front Type	Waterfront On Creek

Building

Type	Other
Utility Water	Municipal Water

Land

Access Type	Easy Access
Acreage	Yes
Current Use	Development Residential
Land Amenities	Public Transit, Park, Recreation
Landscape Features	Landscaped
Size Irregular	16.94
Size Total	16.94 Ac|10 - 50 Acres
Size Total Text	16.94 Ac|10 - 50 Acres
Surface Water	Creeks

Utilities

Cable	Available
Electricity	Available
Telephone	Available
Water	Available

https://www.realtor.ca/real-estate/30119510/91029104lot-3-of-9108-mackie-drive-coldstream-mun-of-coldstream