Active
840 Lanfranco Road
Kelowna British Columbia, V1W3X1
$8,599,000
$263.21 per sqft
Active
0.75 Acres
Land
Courtesy of RealtyMonX
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:41202)
10317473
MLSⓇ ID
August 23, 2024
Updated
Map
840 Lanfranco Road
Kelowna British Columbia, V1W3X1
Exterior/Building Features
Lot Size
0.75 Acres
Sewer
Municipal sewage system
Other Property Details
Association Fee Frequency
Monthly
Association Amenities
Recreation, Schools
Garage
No
View
No
Pool
No
Zoning
Unknown
Courtesy of RealtyMonX
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