Want to buy an Okanagan winery? Better hurry
Interest is picking up in at least one of the half-dozen wineries and vineyards currently for sale in the Okanagan.
That’s coming despite the fact that there is a small pool of buyers who are interested in a winery.
“This summer it’s picked up,” Jeffrey Sefton, a realtor with Faith Wilson/Christie's International Real Estate, told iNFOnews.ca. “And this fall, there has been a lot of interest from qualified potential buyers.”
Those potential buyers are both local, from other parts of B.C. and Canada but there is also keen interest from some international buyers.
“During the COVID period, when people weren’t travelling, that really cut off our European connection,” Sefton said. “People we had been in contact with prior to COVID, or just around that time, they weren’t coming here. A lot of people put things on hold that were coming internationally. It’s opened up again so that interest is there again.”
For more than a year he's had the listing for Seven Stones winery west of Osoyoos. He expects it to sell by the end of the year.
Originally listed at $8.7 million, the price has now dropped to $6.9 million. There is interest in the fact that it not only has a good location on the highway, a house, tasting room and caves, but also has a helipad.
READ MORE: This $8.7 million South Okanagan winery for sale comes with its own caves
While Sefton can’t speak to why all the winery owners are selling right now, he’s talking to a number of people who have been in the industry for years, worked hard and are looking to retire.
Another of the properties on the market is 116 acres of vineyards only. It is part of the Covert Farms Family Estate north of Oliver and is on sale for $24.5 million. It’s listed by the Chamberlain Property Group.
READ MORE: Dreamed of wine making? This Okanagan vineyard could be yours for $24.5 million
Then there’s the Tamaran Residence on 10 acres at 1238 Gawne Rd. in Naramata, listed by Sotheby’s International Realty.
It has a 6,703-square-foot custom built home with five bedrooms and 6.5 bathrooms along with 6.5 acres of grapes.
“This private lakeview property is located on the lush, gentle slopes of the Naramata Bench,” the listing reads. “The perfect home for a social lifestyle.”
It also has gates so “total privacy is maintained within proximity of the city.”
It has four guest accommodations with ensuites, a wine cellar, tasting room and an infinity pool with wet bar.
Further down the price scale is the $5.5 million Eagle Nest Vineyard at 4393 Black Sage Rd. in Oliver.
It’s also listed by Sotheby’s with 14 acres of grapes that produce “award-winning red wine for Desert Hill Winery,” the listing says.
It has a “basic” two-bedroom, two-bathroom, 1,150 square foot house, according to B.C. Assessment.
Another property with vineyards is listed for sale in Kelowna by Jane Hoffman Realty for $18.5 million.
It’s on two properties with two homes on 40 acres, with 25 acres planted, on Chute Lake Road in the Upper Mission area of Kelowna.
READ MORE: This private Kelowna winery comes with two homes for $18.5 million
Hoffman also has the five-bedroom, seven-bathroom, 11,000 square foot “villa” and 11.3 acres with a vineyard at 3240 Pooley Rd. in Kelowna. Part of the land is under a long-term lease to Vibrant Vines Winery.
READ MORE: Massive Italian-style villa in Kelowna for sale for $6.5 million
To contact a reporter for this story, email Rob Munro or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.
We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above.
