Attention Investors! Here's a golden opportunity—a 0.85-acre property with Development Permits for 20 lake-view townhouses, along with valuable city DCC credits earmarked for road frontage enhancements. Everything is set for a savvy investor to step in and capitalize. Not keen on townhouses? No worries! The Official Community Plan (OCP) designates this land as MDR, Medium Density Residential. Furthermore, the $3,500 monthly rent from this well-maintained house can offset mortgage expenses. The location couldn't be better. Within a 5-minute drive, you'll find yourself at the beach or the shopping center. And in just 10 minutes, you can be indulging in the wines of the Okanagan. Situated adjacent to the new and burgeoning community Shorerise, this spot is becoming one of the most sought-after in West Kelowna. Don't delay—seize this promising opportunity today! (id:4069)
Address
3830 Gellatly Road S
List Price
$2,100,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Contemporary
Transaction Type
Sale
Area
British Columbia
Sub-Area
West Kelowna
Bedrooms
4
Bathrooms
3
Floor Area
2,163 Sq. Ft.
Lot Size
0.85 Sq. Ft.
Year Built
1999
MLS® Number
10369413
Listing Brokerage
Oakwyn Realty Okanagan
Postal Code
V4T2K6
Site Influences
View
Features
Irregular lot size, Two Balconies
