11506 Turtle Bay Court, Lake Country
Prime Development Opportunity – Boutique Hotel Site. Exceptional chance to acquire a fully rezoned (C9A Tourist Commercial) 0.62-acre corner lot in the heart of Lake Country, offering outstanding exposure with approximately 110 feet of frontage on Turtle Bay Court, 100 feet on Seymour Road, and 253 feet along Woodsdale Road, a prime corridor in this rapidly growing community. A completed feasibility study and renderings are available for a proposed four-storey, 28-unit boutique hotel, featuring a well-balanced unit mix of studio, one-bedroom, and two-bedroom suites, along with 28 open parking stalls. There is additional upside potential with the possibility to expand to six storeys, subject to variance and design modifications. The property is currently improved with a well-maintained 2,528 square foot home built in 1994, offering five bedrooms, four bathrooms, and a legal two-bedroom suite, providing excellent holding income potential. Ideally situated near Wood Lake and Kalamalka Lake with convenient access to Kelowna International Airport, UBC Okanagan, and key transportation routes, this location is well-positioned to support tourism and short-term accommodation demand, an area currently undersupplied in the region. Surrounded by ongoing multi-family development and a planned senior care facility next door, the neighbourhood is poised for significant growth. Zoning allows for a wide range of uses including hotels or motels, breweries and distilleries, food establishments, liquor stores, indoor recreation and entertainment, with secondary uses such as offices, personal services, and retail, making this a rare and versatile development opportunity in one of the Okanagan’s fastest-growing markets. (id:62865)
Status
Active
Year Built
1993
Property Type
House
Ownership
Freehold
Parking Spaces
12
Annual Tax
$5,640
Parcel Number
017-705-380
Data Source
Association of Interior REALTORS®
Bedrooms
5
Bathrooms
4
Living Area
2528 square feet
Architectural Style
Other
Lot Size
0.62 acres
Frontage
110.0 feet
Fencing
Fence
View
View (panoramic)
Lot Features
Exterior Features
Roof
Asphalt shingle,Unknown
Heating
Forced air, See remarks
Cooling
Central air conditioning
Water Source
Well
Sewer
Municipal sewage system
$1,750,000
Office
Sotheby's International Realty Canada
Loan Amount:
$1,400,000
Estimated Monthly Payment:
$6,822
This is an estimate for informational purposes only. Consult with a financial advisor.
Similar Listings

$1,749,000
13938 Moberly Road
Lake Country
House

$1,749,000
10245 Beacon Hill Drive
Lake Country
House

$1,799,000
9814 Beacon Hill Crescent
Lake Country
House

$1,699,000
17824 Juniper Cove Road
Lake Country
House