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840 Lanfranco Road
Kelowna, British Columbia V1W3X1

$8,599,000

ID# 10317473
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:3942)

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Listed on: June 20, 2024

On market: 88 days
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Gayle Hunter

Personal Real Estate Corporation

gaylehunter.realtor@gmail.com | 250-575-9184

Amy Zimmer

Personal Real Estate Corporation

sold@amyzimmer.com | 250-300-8878

Suzette Ritchie

Real Estate Professional

suzetteritchie@royallepage.ca | 250-878-4350

Nik Zimmer

Real Estate Professional

nikzimmer@royallepage.ca | 250-859-6984

Zena Tucker

Real Estate Professional

zenatucker.realtor@gmail.com | 250-863-2770

"We love what we do, and who we do it for"

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Gayle Hunter & Associates are a real estate team in Kelowna BC, that are focused on helping you achieve your real estate goals. We are a diverse and knowledgeable team with a wealth of real estate experience and are constantly aware of the ever evolving market conditions and real estate trends.

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