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2343 Pandosy Street

$3,095,000

Exciting Opportunity in the new MF4 Zoning! The owner is well into a Development Permit process for a 5-story building and now with new MF4 zoning this can now be mixed use commercial (main floor) and residential of up to 6 stories total, and minimal parking. Permitted density will be 2.5 F.A.R. or 26,853 sqft Very impressive preliminary plans available. Commercial will be permitted on the main floor. Two properties have been amalgamated to one title. The holding period can be profitable with excellent steady monthly income of approximately $10,000 attainable from the International Hostel ($6,000/month) and detached 3+2 bedroom home ($4,000/month). The Hostel can also be operated for much higher income and hostel revenue in the summer months ranges from $25k to $35k. (id:50889)

Property Details

MLS® Number

10306256

Neigbourhood

Kelowna North

Building

Type

Residential Commercial Mix

Utility Water

Municipal Water

Land

Acreage

No

Current Use

Mixed Use

Sewer

Municipal Sewage System

Size Irregular

0.27

Size Total

0.27 Ac|under 1 Acre

Size Total Text

0.27 Ac|under 1 Acre

Zoning Type

Unknown

Interested?

Contact us for more information

team green group logo 250-486-4282 info@teamgreen.ca

Let me know how I can assist you.

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