2864 Arawana Road spans 10.16 gated acres along the Naramata Bench, offering open space, privacy, and about three acres of mature Riesling vineyards. The property provides a strong non winery related income stream while also allowing for growth and customization and let existing vacation management do all the work. The main residence is a 1,050 sq ft remodeled two-bedroom rancher, ideal for owners or your own plans, with a large outdoor patio, mature gardens, and a full-height unfinished basement. There is a one-bedroom guest cottage, currently a licensed Airbnb generating roughly $80,000 annually with consistent five-star reviews, adds immediate income. The property also includes a 6,500 sqft outbuilding built to EU GMP standards. With close to 2 million invested, this first-class building incorporates five high-end Agri-tourism suites that are about 80% complete; once finished, they will further expand income opportunities. The building also features a finished office, staff kitchenette, gown-up area with two bathrooms and a shower, hamper room, and dedicated shipping, processing and storage areas. The outbuilding and suites together provide a flexible space for a variety of uses, including a small production facility, wellness studio, or event venue. Zoning allows 10 weddings per year and much interest shown for this as a venue. A rooftop patio of over 6,000 sq ft could be added( with approvals), the estate is functional and ready for your finishing touches. (id:51532)
Tags
Property Summary
Property Type
Single Family
Building Type
House
Storeys
1
Square Footage
1050 sqft
Title
Freehold
Neighbourhood Name
Naramata Rural
Land Size
10.14 ac|10 - 50 acres
Built in
1954
Parking Type
Carport
Building
Bathrooms
Total
2
Interior Features
Appliances Included
Refrigerator, Dishwasher, Dryer, Range - Gas, Washer
Flooring
Laminate, Tile
Building Features
Features
Private setting, Irregular lot size, Central island
