3830 Gellatly Road S

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:67517)

• Property Details

  MLS® Number	10369416
  Property Type	Vacant Land
  Neigbourhood	Westbank Centre
  Features	Irregular Lot Size
  RoadType	Gravel Road
  ViewType	Lake View, Mountain View

• Building

  Type	Other
  UtilityWater	Municipal Water

• Land

  Acreage	No
  CurrentUse	Development Residential
  Sewer	Municipal Sewage System
  SizeFrontage	327 Ft
  SizeIrregular	0.85
  SizeTotal	0.85 Ac|under 1 Acre
  SizeTotalText	0.85 Ac|under 1 Acre

• Rooms
• Utilities

  Cable	Available
  Electricity	Available
  Natural Gas	Available
  Telephone	Available
  Sewer	Available
  Water	Available