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840 Lanfranco Road Kelowna, British Columbia V1W 3X1

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$8,599,000

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:52811)

Property Details

MLS® Number 10307081
Property Type Other
Neigbourhood Kelowna South
Community Name The Juniper Place
Amenities Near By Recreation, Schools

Building

Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Current Use Mixed Use
Land Amenities Recreation, Schools
Sewer Municipal Sewage System
Size Frontage 271 Ft
Size Irregular 0.75
Size Total 0.75 Ac|under 1 Acre
Size Total Text 0.75 Ac|under 1 Acre
Zoning Type Multi-family

https://www.realtor.ca/real-estate/26622267/840-lanfranco-road-kelowna-kelowna-south