WEST KELOWNA DEVELOPMENT OPPORTUNITY: 8 UNIT POTENTIAL ON 0.34 ACRES NEAR TRANSIT. Premier development opportunity in West Kelowna's wine country with this 0.34-acre property, well positioned for an 8 residential project. Located on a corner lot with access from both Boucherie Road and Hudson Rd, the property aligns with recent legislative incentives for increased housing density near transit routes, enhancing its development potential. Currently, the site houses a 5-bedroom, 3-bathroom dwelling, split into a legal 2-bedroom basement suite and a 3-bedroom upstairs suite, generating an annual gross Revenue of $65,820. This revenue stream provides an excellent holding opportunity for investors or developers planning future projects. The flat terrain of the lot simplifies construction, and its strategic location in a burgeoning area, combined with the recent renovations to the existing structure, makes it an attractive proposition for those looking to invest in West Kelowna's growing housing market. This property offers a unique chance to contribute to the area's urban development while tapping into the lucrative potential of the region's real estate sector. (id:47423)
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Detailed Information
Total Area
2,968 ft2
Features
Irregular lot size, One Balcony
Listing Contract Date
2024-01-22
Municipal ID
023-024-259
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Views
View (panoramic)
Zoning
Unknown
Building
Appliances
Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
Architectural Style
Ranch
Basement Type
Full
Constructed Date
2002
Cooling Type
Central air conditioning, Heat Pump
Exterior Finish
Stucco
Fireplace Fuel
Gas
Fireplace Present
Yes
Fireplace Type
Unknown
Flooring Type
Carpeted, Laminate
Heating Fuel
Electric
Heating Type
Forced air, Heat Pump, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
2
Type
Multi-Family
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
2
Land
Total Size
0.34 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.34
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