1348 Cedar Street, Okanagan Falls
Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only. (id:1945)
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Property details for 1348 Cedar Street, Okanagan Falls
- Type
- Residential
- Style
- Ranch
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 1,267 square feet
- Lot Size
- 3.92
- Stories
- 2
- Heating
- See remarks
- Ownership
- Freehold
- Annual Taxes
- $3,048
Nearby Listings Stat
Estimated price and comparable properties near 1348 Cedar Street
Active Listings
3
Min Price
$299,900
Max Price
$1,950,000
Avg Price
$857,967
Days on Market
236
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Price History
Listed
July 2, 2025
by eXp Realty
Current Price
$1,950,000
-10.3% from last change
Type
Residential
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $1,950,000 | $225,000 (-10.3%) |
| Jun 25, 2026 | $2,175,000 | $125,000 (-5.4%) |
| Mar 11, 2026 | $2,300,000 | Listed |
