840 Lanfranco Road , Kelowna, BC V1W3X1
Kelowna, BC V1W3X1
Description
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:13843)
Details
| MLS# | 10317473 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 207 |
| Listing Provided By | Realtymonx | Gary Judge |
Features
| Zoning | Unknown |
|---|---|
| Acreage | 0.75 |
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Learn More About This Property
| State | BC |
|---|---|
| City | Kelowna |
| Zip Code | V1W3X1 |
| Listing VS Median (in V1W3X1) | |
Price: $8,599,000 low | high Med: $0 On Site: 207 low | high Med: | |