Unlock a prime development opportunity in the heart of Lake Country's Town Centre! This property has C1 zoning, aligning with the Official Community Plan's vision for mixed-use residential development. Planning officials have indicated that rezoning applications are discouraged, affirming the current zoning's strategic value. Development Highlights: Zoning Alignment: C1 zoning is in place, supporting mixed-use residential projects in line with the OCP. Incentive Potential: Potential qualification for Main Street tax and usage (density) incentives. Rental Tax Exemption: Possible eligibility for the Lake Country rental tax exemption bylaw, offering a 10-year property tax reduction for purpose-built rentals with a 10-year covenant. Town Centre Location: Situated within the Town Centre, requiring adherence to future form and character requirements during development application. Diverse Usage: Nearly 50 approved usages under the current zoning. Preferred Development: The planner suggests a mixed-use approach with grade-level service and amenity commercial units, topped with residential space. Development Capacity: Potential for a 6-story or 22m development as mixed-use commercial, contingent on meeting density bonuses and supported by the Town Centre designation. This is a chance to invest in a property with substantial development potential and attractive local incentives. Contact us today to explore the possibilities and take the first step towards your next successful project (id:45055)
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Property Details
MLS® Number 10372855 Property Type Other Neigbourhood Lake Country South West AmenitiesNearBy Shopping CommunityFeatures High Traffic Area ParkingSpaceTotal 1 -
Building
ExteriorFinish Vinyl Siding HeatingType See Remarks RoofMaterial Asphalt Shingle RoofStyle Unknown Type Residential Commercial Mix UtilityWater Municipal Water Attached Garage 1 -
Land
AccessType Highway Access Acreage No CurrentUse Mixed Use FenceType Fence LandAmenities Shopping SizeFrontage 70 Ft SizeIrregular 0.21 SizeTotal 0.21 Ac|under 1 Acre SizeTotalText 0.21 Ac|under 1 Acre -
Rooms
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Utilities
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January 15 2026 12:18:27
Association of Interior REALTORS®
Royal LePage Kelowna
