3830 Gellatly Road S, West Kelowna
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:62865)
Status
Active
Property Type
Vacant Land
Ownership
Freehold
Annual Tax
$5,973
Parcel Number
023-208-449
Data Source
Association of Interior REALTORS®
Lot Size
0.85 acres
Frontage
327.0 feet
View
Lake view, Mountain view
Lot Features
Water Source
Municipal water
Sewer
Municipal sewage system
Utilities
$1,990,000
Office
Oakwyn Realty Okanagan
Loan Amount:
$1,592,000
Estimated Monthly Payment:
$7,758
This is an estimate for informational purposes only. Consult with a financial advisor.
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