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:35966)
840 Lanfranco RoadKelowna, British Columbia, V1W3X1
Listing Details
Property Details
- Full Address:
- 840 Lanfranco Road, Kelowna, British Columbia
- Price:
- $ 8,599,000
- MLS Number:
- 10307081
- List Date:
- March 14th, 2024
- Neighbourhood:
- Kelowna South
- Lot Size:
- 0.75 ac
Interior Features
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Zoning:
- Multi-Family
- Ownership Type:
- Freehold
Floors
Land
- Lot Size:
- 0.75 ac
- Current Use:
- Mixed use
Neighbourhood Features
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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