PENTICTON

Penticton is located in the Okanagan Valley in British Columbia, Canada. Known for its beautiful lakes, beaches, wineries, and outdoor recreational opportunities, Penticton has become a popular destination for both tourists and residents.

The real estate market in Penticton has been steady and offers a mix of single-family homes, townhouses, and condos available. Prices are relatively affordable compared to other major Canadian cities. The city also has a good mix of older and new homes, with many properties featuring stunning mountains and Okanagan Lake views. The town also boasts a great downtown area with many shops and restaurants. It is surrounded by several wineries that offer tastings and tours. Outdoor enthusiasts can also enjoy hiking, biking nearby, and skiing at the Apex Mountain Resort. Penticton is also host to the famous "Ironman" triathlon and the Peach Festival, held annually in August.

Description

Nestled in the Hillside above Skaha Lake, situated amongst one of the most attractive collections of luxury homes in the South Okanagan, this Lakeview Estate Winery offers an immense amount of value. Completed in 2016 by the highly regarded, award winning company Greyback, the 9088sqft concrete & structural steel building features an iconic modern architectural style. The Estate includes a wine shop, tasting lounge, indoor/outdoor bistro/hospitality space, wine barrel storage & production space built to aspire to 10,000 cases of wine/year. This property contains four parcels totalling 15.59 acres with over 13 acres of planted vines (2016) consisting of Cab Franc, Cab Sav, Merlot, Muscat, Sauv Blanc, Viognier, & more. The commercial parcel is fully prepaid on a 99 year lease, and the 3 vineyard parcels that are also on a 99 year lease have a minimal annual ground lease. This property has been independently professionally appraised at $9,472,500 and is an opportunity not to be missed! Many features here with the possibility of a third story, high quality split rail & steel post trellis system, upgraded microjet irrigation, and so much more, close proximity to HWY 97, few properties will truly compare with this location! Bring your own ideas, branding or venture or the current owners are happy to help transition the property with you! Contact the listing agent today for your information package, or to view this property! (id:2469)

Amenities

Airport

Listing Provided By

Parker Real Estate

Neighborhood Info

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.

Send us your questions about this property and we'll get back to you right away.

Send this to a friend, or email this to yourself

Property Details

Living Area
9,088 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
15.59 ac|10 - 50 acres
Taxes
N/A
Type
Other
Style
Contemporary
Basement
Year Built
2016
Real Estate Listing
Provided by:
  • #101-3115 Skaha Lake Rd
  • Penticton, BC
  • V2A6G5
'