840 Lanfranco Road Kelowna, British Columbia V1W 3X1
$8,599,000
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 or a HOTEL 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:41053)
Property Details
| MLS® Number | 10317473 |
| Property Type | Other |
| Neigbourhood | Kelowna South |
| Community Name | The Juniper Place |
| Amenities Near By | Recreation, Schools |
Building
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Mixed Use |
| Land Amenities | Recreation, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 271 Ft |
| Size Irregular | 0.75 |
| Size Total | 0.75 Ac|under 1 Acre |
| Size Total Text | 0.75 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27100219/840-lanfranco-road-kelowna-kelowna-south
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March 03 2025 08:20:01
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Contact Scott & Cole
Scott Marshall and his team are happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.