VENDOR FINANCING AVAILABLE! Potential of 6 Storeys with UC5 Zoning and base 1.8 F.A.R!! This 0.3 acre, UC5 property located in an excellent location by Okanagan College, Mission Park, beaches, KGH and Schools has great redevelopment potential for multifamily, daycare or care home. Lime Architecture Inc Site Analysis forthcoming for 15,000 sqft of larger 2,3,4 bedroom units with 15 parking stalls at grade. Higher densities are achievable. With long-term tenants in place, it is an excellent holding property. With its prime location and potential for development, this property is an excellent investment opportunity for those looking to capitalize on the growing demand for multifamily and care home properties in the area. Seller will consider a 2nd mortgage up to $300,000 at 4 % interest only for 2 years OR 1st mortgage up to $800,000 at 3.5% interest only payments for two year term if sale closes by June 24. (id:47423)
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Detailed Information
Bedrooms
6
Bathrooms
5
Lot
49 x 0 ft
Total Area
2,912 ft2
Features
Irregular lot size
Listing Contract Date
2024-03-21
Municipal ID
006-692-851
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Views
Lake view, Mountain view, Valley view, View (panoramic)
Zoning
Multi-Family
Building
Basement Type
Crawl space
Constructed Date
1973
Construction Style (Attachment)
Semi-detached
Cooling Type
Central air conditioning
Exterior Finish
Stucco
Flooring Type
Carpeted
# of Half Bathrooms
2
Heating Type
See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
4pc Bathroom
Second level
Measurements not available
Bedroom
Second level
9'6'' x 11'8''
Bedroom
Second level
10'6'' x 12'0''
Primary Bedroom
Second level
12'0'' x 12'0''
Storage
Second level
3'9'' x 7'0''
4pc Bathroom
Second level
8'0'' x 8'6''
Bedroom
Second level
9'6'' x 11'7''
Bedroom
Second level
12'0'' x 10'10''
4pc Ensuite bath
Second level
Measurements not available
Primary Bedroom
Second level
12'0'' x 12'0''
Laundry room
Main level
7'0'' x 5'0''
2pc Bathroom
Main level
6'11'' x 6'0''
Living room
Main level
20'0'' x 11'0''
Dining room
Main level
13'7'' x 7'0''
Kitchen
Main level
13'7'' x 9'5''
Laundry room
Main level
7'0'' x 5'0''
2pc Bathroom
Main level
7'0'' x 7'6''
Living room
Main level
11'8'' x 20'0''
Dining room
Main level
8'0'' x 13'7''
Kitchen
Main level
8'0'' x 13'7''
Parking Spaces
Name
Spaces
See Remarks
Land
Total Size
0.3 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.3
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