$124,500 UNDER ASSESSMENT! Perched in the highly desirable Gellatly Bay neighbourhood, this property showcases breathtaking lake views and incredible future potential. Surrounded by mature landscaping and natural greenery, this private and peaceful setting offers a rare opportunity to enjoy Okanagan living at its finest. Current zoning allows for a carriage house, with subdivision potential for up to two homes plus a carriage house (buyer to verify). The 4-bedroom home offers endless possibilities and features an updated, modern kitchen with timeless white shaker cabinetry and beautiful stone countertops. The open-concept living and dining area is designed to capture the stunning lake views, with seamless access to the spacious deck, perfect for morning coffee or sunset entertaining. Step outside to enjoy multiple outdoor living spaces designed for relaxation and hosting, including a refreshing pool, and BBQ area. The walkout lower level includes three bedrooms, a family room, a full bathroom and a laundry room. Ideally located on a quiet street just minutes from award-winning wineries, restaurants, and amenities. Enjoy being within walking distance to Willow Beach and the Gellatly Bay Yacht Club. The circular driveway provides ample parking, including plenty of room for boats and RVs. A rare opportunity to secure a property with unmatched views, privacy, and lifestyle. (id:6769)