Dallas Markovina PREC* - 250-870-6145
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Multi-family in West Kelowna
- 197
- 218
0 Bedrooms
0 Bathrooms- 2968 Sq Ft
Property Type
Multi-family
Description
WEST KELOWNA DEVELOPMENT OPPORTUNITY: 8 UNIT POTENTIAL ON 0.34 ACRES NEAR TRANSIT. Premier development opportunity in West Kelowna's wine country with this 0.34-acre property, well positioned for an 8 residential project. Located on a corner lot with access from both Boucherie Road and Hudson Rd, the property aligns with recent legislative incentives for increased housing density near transit routes, enhancing its development potential. Currently, the site houses a 5-bedroom, 3-bathroom dwelling, split into a legal 2-bedroom basement suite and a 3-bedroom upstairs suite, generating an annual gross Revenue of $65,820. This revenue stream provides an excellent holding opportunity for investors or developers planning future projects. The flat terrain of the lot simplifies construction, and its strategic location in a burgeoning area, combined with the recent renovations to the existing structure, makes it an attractive proposition for those looking to invest in West Kelowna's growing housing market. This property offers a unique chance to contribute to the area's urban development while tapping into the lucrative potential of the region's real estate sector. (id:6769)
Property Details
Subarea
Lakeview Heights
Lot
0.34
Year Built
2002
Sewer
Municipal sewage system
Flooring
Carpeted,Laminate
Parking Type
5
Listing Agent
Michael Jones
(250) 258-4663
Brokerage
Royal LePage Kelowna
(250) 860-1100
Disclaimer:
The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Listing data last updated date: 2024-03-30 00:19:56
