840 Lanfranco Road
Kelowna, British Columbia V1W3X1

$8,599,000

ID# 10317473

Courtesy of RealtyMonX
Listed on: June 20, 2024

On market: 11 days

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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Half Bathrooms Total	0

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LOOKING FOR SOMETHING SPECIFIC? LET ME KNOW AND I'LL FIND IT FOR YOU

Annick Rocca

Sales Representative

Royal LePage Kelowna

#1 – 1890 Cooper Road

Kelowna, BC V1Y 8B7

Direct: 250-808-7537

Office: 250-860-1100

annickrocca@royallepage.ca

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840 Lanfranco Road Kelowna, British Columbia V1W3X1

YOU MIGHT ALSO LIKE THESE LISTINGS

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195 CHAMBERLAIN Crescent Unit 204 Tumbler Ridge $79,500 Beds: 1 Baths:1 Sq Ft:639 sqftKaren Boos

11471 Reiswig Road Lake Country $1,125,000 Beds: 3 Baths:3 Sq Ft:1944 sqftAshley Blackburn

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