1116 NARAMATA ROAD, No City Value
$13,500,000
This 1,806,433.2 sqft property in No City Value is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
A legacy tracing back 5 generations, The Duncan Vineyard Estate is one of the Okanagan's last authentic vineyard properties. Perfectly placed in a prime location on the Naramata Bench, just 5 minutes from Penticton. 270° views span two lakes & west to sunsets over the North Cascade Mts. 41.5ac of the highest rated terroir in the region, 34ac outside the ALR. Opportunities are limitless. Create a world class winery surrounded by premium homesites, a luxury resort, exclusive retreat, or the ultimate personal vineyard estate. 7ac of award-winning Chardonnay & Merlot currently planted, plus potential for a total 24 prime plantable acres. This is an exceptionally rare opportunity to own a true legacy property in what has become one of the world's great wine destinations.
How this price compares
This lot asks $7 per square foot of lot. That is 82% below the median of $41 across the 11 active lots VanPlex is showing in No City Value, and puts it 4 of 11 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $13,500,000
- Lot size
- 1,806,433.2 sqft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1968
- MLS® area
- Out of Town
- MLS® number
- R3064631
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Listing data via MLS®. Displayed for information only.