Attention Investors! Here's a golden opportunity—a 0.85-acre property with Development Permits for 20 lake-view townhouses, along with valuable city DCC credits earmarked for road frontage enhancements. Everything is set for a savvy investor to step in and capitalize. Not keen on townhouses? No worries! The Official Community Plan (OCP) designates this land as MDR, Medium Density Residential. Furthermore, the $3,500 monthly rent from this well-maintained house can offset mortgage expenses. The location couldn't be better. Within a 5-minute drive, you'll find yourself at the beach or the shopping center. And in just 10 minutes, you can be indulging in the wines of the Okanagan. Situated adjacent to the new and burgeoning community Shorerise, this spot is becoming one of the most sought-after in West Kelowna. Don't delay—seize this promising opportunity today! (id:44056)

Property Details

Full Address:
3830 Gellatly Road S, West Kelowna, British Columbia
Price:
$ 2,350,000
MLS Number:
10346598
List Date:
May 9th, 2025
Lot Size:
0.85 ac
Taxes:
$ 5,973

Interior Features

Air Conditioning:
Central air conditioning
Heating:
Baseboard heaters, Electric

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Multi-Family
Exterior:
Stucco
Garage:
Attached Garage
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 5,973

Floors

Finished Area:
2163 sq.ft.

Land

Lot Size:
0.85 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Listing Agent(s)

Listing: Ivy Li
Laboutique Realty (Kelowna)
Co-Listing: Robin Pan
Oakwyn Realty Okanagan

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