October 22, 2018 North Okanagan Property Sales Update
Weekly Top Property - 198 Sarsons Road, Coldstream, V1B 2M4
This vacant 18.24 acre lot, was listed on the market for $2,995,000. It sold in 693 days, for $2,581,280.
Marketed as:
Priceless Development Property - none other like it in Coldstream and Greater Vernon Area, OCP designation for future Multi-Family and single family residential housing. Borders on the new Middleton Mountain Park and trails. Perfect location for a new subdivision close to planned Aberdeen Shopping Mall. This 18.24 acres was an old gravel pit, but now it offers a blank slate for a creative developer, it is a gem and has a variety of potential building sites based on topography and views of the valley. Present owners are investigating re-zoning requirements and ready to share information on a confidential basis with serious potential buyers. Municipal water, gas, electricity, telecommunications, available at lot line, sewer options need to be investigated and put in by developer.
Based on 2018 taxes = $4,005
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (31) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $69,900 | $67,000 | 12 | 2 | 1 | ||
| Max | $2,995,000 | $2,581,280 | 693 | 5 | 5 | 6116 | |
| Avg | $523,190 | $498,552 | 103 | 3 | 3 | 1718 | |
| Sum | $16,218,900 | $15,455,105 | |||||
Criteria:
MLS is 'OMREB'
Major Area is 'North Okanagan'
Sold Date is 10/15/2018 to 10/21/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
Compared to last week
| Status: Sold (35) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $44,900 | $40,500 | 16 | 1 | 1 | ||
| Max | $2,698,000 | $2,490,000 | 384 | 5 | 5 | 4677 | |
| Avg | $491,208 | $468,717 | 91 | 3 | 2 | 1831 | |
| Sum | $17,192,289 | $16,405,100 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 3 |
| Manufactured Homes | 2 |
| Recreational | 0 |
| Single Family Residential | 16 |
| Strata - Apartments | 3 |
| - Townhouses | 7 |