3576 Old Okanagan Highway, West Kelowna
PRIME DEVELOPMENT & INVESTMENT OPPORTUNITY IN WESTBANK URBAN CENTRE! Located in the heart of the Westbank Urban Centre – Commercial Core (Area B), this strategically positioned property offers exceptional future redevelopment potential in one of West Kelowna's fastest-growing corridors. The 0.172-acre (696.06 sq. m.) site is currently zoned RC1 (Compact Residential) and designated WUC-CC (Westbank Urban Centre – Commercial Core) under the Official Community Plan. Proposed OCP policies support the potential for mixed-use development up to 15 storeys, making this an attractive opportunity for developers and investors seeking future density and urban growth potential. The property also features convenient back lane access, a large detached shop, and a layout that may be well-suited for future infill opportunities, including a potential 4-plex development subject to municipal approvals. In the meantime, the property serves as an excellent holding property, featuring three-bedroom, one-bathroom home generating cash flow while planning for future redevelopment. Situated along a high-traffic corridor with excellent exposure and accessibility, the property is surrounded by ongoing growth and future development. Conveniently located near schools, shopping, restaurants, public transit, golf courses, Superstore, and the Johnson Bentley Memorial Aquatic Centre. (id:62865)
Status
Active
Year Built
1947
Property Type
House
Ownership
Freehold
Parking Spaces
2
Annual Tax
$2,828
Parcel Number
010-582-487
Data Source
Association of Interior REALTORS®
Bedrooms
3
Bathrooms
1
Living Area
1250 square feet
Architectural Style
Ranch
Basement
Cellar
Appliances
Lot Size
0.17 acres
Fencing
Fence
Exterior Features
Roof
Asphalt shingle,Unknown
Heating
Forced air, See remarks
Water Source
Municipal water
Sewer
Municipal sewage system
$699,000
Office
Royal LePage Kelowna
Loan Amount:
$559,200
Estimated Monthly Payment:
$2,725
This is an estimate for informational purposes only. Consult with a financial advisor.
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