$15.9M property for sale in Revelstoke

The wooded property is beside a proposed golf course

A large parcel of land is for sale in Arrow Heights for $15.9 million.

The 65.23 acre listing by RE/MAX combines two separate titled parcels, located at 1775 and 1795 Nichol Road, across from the Mackenzie Village.

The property is beside a planned 18-hole golf course by Revelstoke Mountain Resort.

READ MORE: Resort golf course gets development permit for clearing and brushing

According to BC Assessment, the two parcels of land together were valued at $4.7 million for 2019.

The land is currently owned by Hyeum Properties Ltd, the company that tried to develop another parcel of land beside Williamson Lake into a campground. The proposal was rejected by city council in 2019.

READ MORE: UPDATE: Property owner withdraws application after Revelstoke council voices non-support

Approximately 88 per cent of the land (1775 Nichol Road) for sale is zoned for CD-08, which allows hotels, apartment buildings, houses, cafes, grocery stores, restaurants, swimming pools, ice rinks and even ski lifts.

The remaining 12 per cent is zoned for single family dwellings, farming, airports, gun clubs and playgrounds.

The large wooded property is already riddled with walking trails from Williamson Lake.

There is a controversial large development proposed on Hay Rd near the listed property, which requires land to be rezoned. And across the road Phase 2 and 3 of Mackenzie Village received a development permit at the end of 2019. The project would see 120 residential units and 21 commercial units. The Mackenzie Village master plan includes 12 phases.

READ MORE: Revelstoke Hay Rd. development inches closer to reality

READ MORE: Letter: Hay Rd. development doesn’t consider current residents

READ MORE: Letter: More public consultation needed before zoning amendment to allow Hay Rd. development

The 3.8 hectare property on Hay Rd. would see 27 single-family houses, 14 duplexes and 19 row houses, of which 50 per cent would be for long term rentals.

Do you have something to add to this story, or something else we should report on? Email:
liam.harrap@revelstokereview.com


 

@RevelstokeRevue
editor@revelstoketimesreview.com

Like us on Facebook and follow us on Twitter.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Penticton Vees to play in two-month Okanagan Cup tournament

The action commences Friday at 6 p.m. at the SOEC.

Keremeos Fire Department pull off steep angle riverside rescue

A senior on a scooter was travelling along the top of the dyke when he fell

Morning Start: One Year on Uranus Is 84 Years on Earth

Your morning start for Wednesday, Sept. 23, 2020

‘Perfect storm’ causes influx of black widows in the Okanagan

The region’s only venomous spider has come out in full force this year

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

EDITORIAL: Clearing the smoke

Wildfires have resulted in heavy smoke and poor air quality

Kelowna man’s child porn collection ‘traversed the spectrum of depravity,’ court hears

Terry Krock was caught in possession of between 7,000 and 12,000 child porn files

COVID-19 exposure at Merritt pub

The exposure happened on Sept. 19 at the pub of the Coldwater Hotel

UPDATE: Person safely pulled from Vernon creek culvert

First responders from multiple agencies assist in getting individual out of the creek

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Police watchdog investigating after man injured in Penticton RCMP cells

Man suffers serious injuries after being lodged into cells at the detachment

Four more cases of COVID-19 in Interior Health

There are 31 active cases in isolation in the health region

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

Most Read