LOADING

3293 Upper Mcleod Road, Armstrong, British Columbia V0E 1B8

Acreage

$2,200,000

Residential Development Opportunity!! This 37 Acre parcel is located in the desirable McLeod Subdivision in Armstrong/Spallumcheen. This amazing investment opportunity comes with 22 bare-land strata approved lots, plus 2 Country Residential Zoned Acreage properties. Stunning mountain and Okanagan Valley views, only minutes to town. There is a stream running through the property with walking trails and a park area. Water is from an approved well but the particulars must be confirmed with the municipality. Assessment presently shows 47 acres. However, there is a 10 acre parcel to be subdivided off which leaves approximately 37 Acres. See supplements for PLR and excluded property. Sewer is handled with a community septic system which is designed but not built. Estimated single family lot value at the time of listing for the 22 was $250,000. Estimated acreage value for each 5 acres at the time of listing was $400,000-$450,000. Using these estimated sale prices the final sell out, value would be $6,300,000. THESE ARE ESTIMATED VALUES ONLY, AT THE TIME OF LISTING AND ANY BUYER SHOULD CONFIRM WITH AN APPRAISAL. (id:31501)

Property Details

MLS® Number 10253246
Property Type Vacant Land
Neigbourhood Armstrong/ Spall.

Building

Land

Acreage Yes
Current Use Development Residential
Size Irregular 37
Size Total 37 Ac|10 - 50 Acres
Size Total Text 37 Ac|10 - 50 Acres
Zoning Type Residential

Utilities

Sewer Available

https://www.realtor.ca/real-estate/24456752/3293-upper-mcleod-road-armstrong-armstrong-spall

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