_{**Editor's note: This article has been updated to include comments from Peachland Mayor Patrick Van Minsel.**}

Some big changes could be in store for a portion of Peachland’s downtown core as nearly 20 properties are listed for sale for $13.2 million.

“What makes this project so special is a single developer could come in and transform and revitalize the entire downtown of this picturesque Okanagan lakefront community at one time and in a singular vision,” wrote real estate advisor Jonathan Wall of Engel & Völkers South Okanagan.

“Because this assembly is adjacent to city-owned land that is also slated for development, this is a rare opportunity to partner with local government to really create something special in Peachland.”

Photo Credit: Engel & Völkers South Okanagan

In total, the land assembly package includes close to 65,000 square feet over 19 lots in the downtown core, all of which are C2 zoned.

The assembly was previously listed for sale at $16.5 million, but recently saw its price drop by more than $3 million.

The core commercial zoning allows for a variety of uses, including housing, retail, hotel, restaurants and more. 

“All C2 zoned, this is an incredible opportunity to fill a huge need in Peachland for additional housing as well as long overdue space for retail, hotel, restaurants, spas, community space, medical and professional services as well as additional marina space,” added Wall.

“This assembly package enables the developer to create this all in unison, resulting in a downtown core that is vibrant and innovative.”

According to the listing’s description, the land assembly sits adjacent to 39,000 square feet of municipal land.

“This assembly has been built over 20 years and, when paired with the District lands, is almost 100,000 SQFT and spans across downtown, from the hillside behind to the lake in front and captures the incredible natural setting that Peachland is so well known for,” explained Wall.

Photo Credit: Engel & Völkers South Okanagan

Building the assembly for the past two decades was Steve and Cheryl Allison.

“After a great deal of consideration, Cheryl and I have decided that a project with the scope and importance of revitalizing Peachland’s downtown core requires more time than we can continue to devote to it,” stated Steve.

“We are excited to find new partners who share our passion for Peachland and look forward to seeing a vibrant downtown for Peachland's residents and visitors alike.”

Peachland Mayor Patrick Van Minsel said the District is aware that the land is for sale, but council’s focus is less on it and more on its downtown revitalization plan.

“We are in phase one of our downtown revitalization implementation plan, and, as we move into phase two, gathering input from the town and residents is an ongoing process,” Van Minsel wrote.

"There has been significant investment interest in Peachland in recent years, with seven to eight developments underway. The aim is to concentrate development in a few specific areas and get some density there."