In the heart of Canada’s wine country, Oliver, B.C., offers stunning views, a great climate and all the amenities your heart could desire. For these and many other reasons, Oliver is becoming a natural draw for homeowners looking to buy property in the Okanagan.
Oliver, known as the wine capital of Canada, boasts over 40 wineries within minutes of the town’s limits. It’s a picturesque region that is known as the warmest and driest region nationally. Oliver has 5,000 residents but services a community of 15,000-20,000 in the surrounding area. Mt. Baldy ski hill is 26 kilometres away, two major golf courses are within 5 minutes of Oliver Heights, the Penticton airport is 25 minutes away, the U.S. border is 30 minutes away, in addition to a Formula 1 racetrack, a regional hospital and a variety of schools.
“Keep in mind that there is virtually nothing for sale in the Town of Oliver,” says Scotty Grubb, CEO of the Oliver Heights Development Corporation. Grubb says Oliver Heights development encompasses 21 acres in the southwest corner of Oliver. Ultimately, the community will have up to 300 homes. It is a benched property affording stunning views for all homes.
Phase 1 of the project is sold out. The road and lot servicing is underway for the completion of the Phase 1 lots, with Phase 2 lot sales just launching.
There are 17 lots in the first phase and 23 in the second with pricing starting at $129,000. The average lot size is approximately 40 feet wide by 100 feet (12m x 30m).
“The Phase 1 & 2 lots are suited for single-family homes, but future phases include townhomes and duplexes,” Grubb says, adding that the lots are being sold as a bareland strata. Current strata fees are expected to be about $95 per month and would include snow removal and landscaping.
“This project is ideal for people looking for an investment opportunity, as housing in this region is in demand. Oliver has a zero vacancy rate,” Grubb explains. “Rental revenue is an attractive component to many looking to buy and eventually retire in the area. The target demographic is retirees and young families, as you can basically have a lot and a city home with a full basement starting under $400,000.”
“It’s a very active area. There are many lakes and hiking and biking trails in the area, unexplored by many. Oliver Heights community is a 10-minute walk to the town services. All of the properties have great views of the orchards and the rich wine valley on one side, and backing onto picturesque crown park land on the other.
“We are excited about creating a master planned development in the heart of wine country. With the amazing range of local amenities and recreational opportunities, Oliver Heights will be a remarkable community in which to live.” See the adjacent advertisement and visit oliverheights.ca for more information.