Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for recreational activities and stunning views. Current zoning is UC5 (Pandosy Urban Centre) which promotes livable, vibrant, sustainable communities with optimal land use and increased economic activity. The owner has a 24-unit Development Permit in place with the city, which can be revised to 30-units without any further approvals. Permitted density up to 2.35 F.A.R. Gross lot size of 9,590 sq. Ft that permits up to 22,614 sq. Ft of buildable area. Impressive preliminary architectural plans and landscaping plans in place. As an added bonus, there is an existing detached 5 bed 2 bath home with suite that provides a gross income of $4,100/month with utilities paid by the tenant. An excellent income source for the holding period prior to redevelopment. Current house on property is 5 bed/ 2 bath with suite downstairs. (id:35966)
401 Meikle AvenueKelowna, British Columbia, V1W3T5
Listing Details
Property Details
- Full Address:
- 401 Meikle Avenue, Kelowna, British Columbia
- Price:
- $ 2,599,000
- MLS Number:
- 10307340
- List Date:
- March 18th, 2024
- Neighbourhood:
- Lower Mission
- Lot Size:
- 0.22 ac
- Year Built:
- 1958
- Taxes:
- $ 7,029
Interior Features
- Air Conditioning:
- Central air conditioning
- Heating:
- Forced air, See remarks
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Unknown
- Exterior:
- Stucco, Wood siding
- Garage:
- See Remarks
- Ownership Type:
- Freehold
- Taxes:
- $ 7,029
Floors
Land
- Lot Size:
- 0.22 ac
- Current Use:
- Mixed use
Neighbourhood Features
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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