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11506 Turtle Bay Court, Lake Country

MLS® #10383447
About this Property

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)

Property Information

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®

Interior Details

Bedrooms

5

Bathrooms

4

Living Area

2528 square feet

Architectural Style

Other

Exterior & Lot

Lot Size

0.62 acres

Frontage

110.0 feet

Fencing

Fence

View

View (panoramic)

Lot Features

Cul-de-sacLevel lotCorner Site

Exterior Features

BrickVinyl siding
Building & Utilities

Roof

Asphalt shingle,Unknown

Heating

Forced air, See remarks

Cooling

Central air conditioning

Water Source

Well

Sewer

Municipal sewage system

$1,750,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
5Beds
4Baths
2528sqft
Listing Courtesy of

Office

Sotheby's International Realty Canada

Mortgage Calculator
$350,000

Loan Amount:

$1,400,000

Estimated Monthly Payment:

$6,822

This is an estimate for informational purposes only. Consult with a financial advisor.