1875 Richter Street

$8,800,000

10261100
MLS#

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Description

3 floor, 18-unit residential apartment building. Zoned RM3r. Located in a very central location in southern Kelowna. Plans are for 15 1-bdr units, 1 1-bdr + den and 2 2-bdr units. The design is development permit ready and has been approved by Council with the highest attention to detail and high-end finishings. The current rental vacancy rate in Kelowna is 0.6 per cent, the lowest level in Canada. Only a few blocks off the highway, it is close to all amenities, shopping, schools, parks, and the hospital, and only minutes to the beach. Projected Gross Annual Income: $402k. Information package is available. Also offered for land purchase only.

Overview

  • Price $8,800,000
  • MLS # 10261100
  • Age 2022
  • Water Municipal water
  • Sewer Municipal sewage system
  • Landscape Features Landscaped, Fully landscaped

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