401 Meikle Avenue, Kelowna, BC V1W 3T5

Multimedia

Virtual Tours

Favorite

print Print

share Share

iso Calculate Mortgage

For Sale

$2,599,000

Remarks

Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for recreational activities and stunning views. Current zoning is UC5 (Pandosy Urban Centre) which promotes livable, vibrant, sustainable communities with optimal land use and increased economic activity. The owner has a 24-unit Development Permit in place with the city, which can be revised to 30-units without any further approvals. Permitted density up to 2.35 F.A.R. Gross lot size of 9,590 sq. Ft that permits up to 22,614 sq. Ft of buildable area. Impressive preliminary architectural plans and landscaping plans in place. As an added bonus, there is an existing detached 5 bed 2 bath home with suite that provides a gross income of $4,100/month with utilities paid by the tenant. An excellent income source for the holding period prior to redevelopment. Current house on property is 5 bed/ 2 bath with suite downstairs.

Property Summary

Annual Tax Amount: $7,029.00
Lot Size: 0.22 Acres
Built in: 1958

Favorite

print Print

share Share

iso Calculate Mortgage

Get More Info

Lifestyle

Neighbourhood Info

Craig Cournoyer

Phone: 250.860.1100

Mobile: 778.215.7981

Fax: 250.860.0595

Royal LePage Kelowna, Brokerage (Independently owned and operated)

1 - 1890 COOPER ROAD
Kelowna, BC V1Y8B7

Get More Info

Book a tour

First Name: *

Last Name: *

E-mail: *

Phone:

Date: *

Time: *

Please enter the security code displayed:*

I would like to receive email updates from Craig Cournoyer regarding Real Estate in my area(s) of interest.

778.215.7981

Email

Craig Cournoyer

401 Meikle Avenue,
Kelowna, BC V1W 3T5

$2,599,000