Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for recreational activities and stunning views. Current zoning is UC5 (Pandosy Urban Centre) which promotes livable, vibrant, sustainable communities with optimal land use and increased economic activity. The owner has a 24-unit Development Permit in place with the city, which can be revised to 30-units without any further approvals. Permitted density up to 2.35 F.A.R. Gross lot size of 9,590 sq. Ft that permits up to 22,614 sq. Ft of buildable area. Impressive preliminary architectural plans and landscaping plans in place. As an added bonus, there is an existing detached 5 bed 2 bath home with suite that provides a gross income of $4,100/month with utilities paid by the tenant. An excellent income source for the holding period prior to redevelopment. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
2
Lot
70 x 0 ft
Total Area
2,006 ft2
Amenities Nearby
Park, Recreation, Schools, Shopping
Listing Contract Date
2024-03-18
Municipal ID
010-091-769
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning
See Remarks
Building
Basement Type
Full
Constructed Date
1958
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Stucco, Wood siding
Heating Type
Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Full bathroom
Basement
4'2'' x 10'3''
Bedroom
Basement
10'0'' x 9'0''
Laundry room
Basement
7'8'' x 8'2''
Utility room
Basement
11'0'' x 6'4''
Bedroom
Basement
8'0'' x 11'3''
Bedroom
Main level
9'4'' x 11'0''
4pc Ensuite bath
Main level
8'0'' x 7'3''
Primary Bedroom
Main level
11'0'' x 11'11''
Bedroom
Main level
10'9'' x 11'9''
Kitchen
Main level
9'3'' x 15'4''
Living room
Main level
12'1'' x 20'4''
Kitchen
Additional Accommodation
13'1'' x 12'9''
Living room
Additional Accommodation
13'0'' x 23'0''
Parking Spaces
Name
Spaces
See Remarks
Land
Total Size
0.22 acres
Amenities
Park, Recreation, Schools, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
0.22
Surface Water
Lake
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