840 Lanfranco Road

Other For Sale in Kelowna, British Columbia

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:4069)
Address 840 Lanfranco Road
List Price $8,599,000
Property Type Other
Type of Dwelling Residential Commercial Mix
Area British Columbia
Sub-Area Kelowna
Lot Size 0.75 Sq. Ft.
MLS® Number 10317473
Listing Brokerage RealtyMonX
Postal Code V1W3X1
Site Influences Recreation, Schools

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Gary Judge


210 - 1751 Harvey Ave Kelowna BC V1Y 6G4

Phone: 250.899.3101

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