LOADING

840 Lanfranco Road

$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 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:50889)

Property Details

MLS® Number

10307081

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

Multi-family

Interested?

Contact us for more information

team green group photo 250-492-2266 info@teamgreen.ca

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