$ 8,599,000 – 840 Lanfranco Road

This listing presented by Lorne Ayers. Contact Lorne by phone: (250) 860-1100 or email direct here.

Listing Info

Area: Kelowna
Property Type: Other
MLS® Number: 10317473
Lot Size: 0.75
Listing Status: Active
List Price: $ 8,599,000

Place Nearby (within radius 1.5 km)



0 BR / 0 BA Other – Kelowna

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:6769)

Construction Info

Interior Finish: 0
Sewer: Municipal sewage system

Rooms Dimension

Listing Agent:

Gary Judge
(250) 899-3101

Brokerage:

RealtyMonX
(778) 484-4022
MLS - Realtor Logo