840 Lanfranco Road Kelowna, British Columbia V1W 3X1
$8,599,000
RE-Development Opportunity to purchase this prime 0.75-acre (32,670 SF) property with 3 separate buildings, 12 Separate Titles, plenty of parking, and room for potential expansion/development in the UC5 Zoning walking distance to OKANAGAN COLLEGE and GYRO BEACH. The property has potential for residential use mixed apartments of up to 6 stories. Permitted density will be 2.05 F.A.R (with bonus), could achieve 66,900 buildable SF (plus/minus). Each building has 4 units with 2 bedrooms, 1.5 Bath, a living room, a kitchen and laundry in each unit. All the units are kept very well-maintained and should provide years of solid income and development opportunities for investors! This property is within walking distance to Okanagan College, Minutes to Gyro Beach, H2O, wineries, golf, restaurants, grocery stores and all other amenities. Currently generate $25,000 approx. monthly rental income. (id:59116)
Property Details
MLS® Number | 10317473 |
Property Type | Other |
Neigbourhood | Kelowna South |
Community Name | The Juniper Place |
AmenitiesNearBy | Recreation, Schools |
Building
Type | Residential Commercial Mix |
UtilityWater | Municipal Water |
Land
Acreage | No |
CurrentUse | Mixed Use |
LandAmenities | Recreation, Schools |
Sewer | Municipal Sewage System |
SizeFrontage | 271 Ft |
SizeIrregular | 0.75 |
SizeTotal | 0.75 Ac|under 1 Acre |
SizeTotalText | 0.75 Ac|under 1 Acre |
ZoningType | Unknown |
https://www.realtor.ca/real-estate/27100219/840-lanfranco-road-kelowna-kelowna-south
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Gary Judge
210 - 1751 Harvey Ave
Kelowna, British Columbia V1Y 6G4
Dimple Judge
210 - 1751 Harvey Ave
Kelowna, British Columbia V1Y 6G4