C$2,995,000

Set on nearly 10 acres of the Naramata Bench, 2864 Arawana Road is a rare Okanagan property that offers the flexibility to generate income today while giving you room to create more value over time. With sweeping views of Okanagan Lake, the mountains and surrounding vineyards, this is an investment with lifestyle built in. The main home is a 2-bedroom rancher with a bright, inviting living room centered around a fireplace and opening onto a large balcony overlooking the valley and lake. The home is currently rented, providing income from day one. The 1,160 sq. ft. unfinished basement has its own exterior entrance and offers additional potential for future use, subject to approvals. The separate 1-bedroom, 1-bathroom carriage house adds another proven income opportunity. Currently operating as a highly rated vacation rental, it features a spacious lake-view deck, its own fireplace and a carport. Keep it as a short-term rental, transition it to longer-term accommodation, or reserve it as a private guest retreat for family and friends. And then there is the outbuilding a significant piece of the property's future potential. With AG1 zoning, it offers an opportunity to explore a range of possibilities, from guest accommodation and a studio to a workshop, commercial kitchen, wellness space or gathering venue. Buyers should verify all permitted uses and approvals with the appropriate authorities. All of this is minutes from Naramata Village, renowned wineries, the KVR Trail and Penticton — placing you in the heart of one of the Okanagan's most sought-after wine and recreation destinations. Duplicate listing with MLS 10402276. (id:41202)