Off-market 25 development lots for sale in the Heart of Lumby

Offering a rare chance to acquire 10 acres of prime development land in the Heart of Lumby, British Columbia. This property features 25 ready-to-build lots in a premium location, just a 3-minute drive from the local elementary school and a 5-minute drive to the renowned Lumby Golf Club.

Strategically situated, this development is only a 25-minute drive from the city of Vernon, providing residents with easy access to a wide range of amenities and services. Furthermore, the property is a 1-hour drive from the vibrant city of Kelowna, making it an ideal location for a winery or vacation destination.

In addition to the property's prime location and amenities, the surrounding homes in Lumby are currently priced between $880,000 to over $1 million, presenting a significant profit potential for investors. This substantial property value in the area underscores the remarkable opportunity this development land offers.

Furthermore, the Central Okanagan region, including the city of Kelowna, has witnessed impressive population growth, experiencing a 2.8% increase from 2021 to 2022, reaching a total population of 235,473 (RJC Engineers, 2024). This surge in population, driven by the rising migration trends towards rural cities, has created a substantial demand for housing in communities like Lumby.

This combination of high-value surrounding properties and the growing population in the Central Okanagan region presents a unique and lucrative investment opportunity for savvy developers, builders, and real estate investors. By capitalizing on this development land in Lumby, they can cater to the increasing housing needs of the area and potentially achieve substantial returns on their investment.