PRICED BELOW APPRAISED VALUE! This is a rare opportunity to secure a prime corner lot in the heart of downtown Peachland, just steps from Okanagan Lake and the beach. Set on flat, useable land in one of the community’s most walkable and desirable locations, this property offers exceptional long term potential. The 0.15 acre parcel is currently zoned R1 Residential with the Official Community Plan presenting future rezoning potential designated Commercial Core for those with vision (buyers to make their own inquiries). The existing 799 sq. ft. home is being sold as-is, where-is and would require substantial renovation to bring it up to current standards, making this an ideal opportunity for redevelopment, investment, or a strategic long-term hold.