840 Lanfranco Road

RE-Development Opportunity to purchase this prime 0.75-acre (32,670 SF) property with 3 separate buildings, 12 Separate Titles, plenty of parking, and room for potential expansion/development in the UC5 Zoning walking distance to OKANAGAN COLLEGE and GYRO BEACH. The property has potential for residential use mixed apartments of up to 6 stories. Permitted density will be 2.05 F.A.R (with bonus), could achieve 66,900 buildable SF (plus/minus). Each building has 4 units with 2 bedrooms, 1.5 Bath, a living room, a kitchen and laundry in each unit. All the units are kept very well-maintained and should provide years of solid income and development opportunities for investors! This property is within walking distance to Okanagan College, Minutes to Gyro Beach, H2O, wineries, golf, restaurants, grocery stores and all other amenities. Currently generate $25,000 approx. monthly rental income. (id:45055)

• Property Details

  MLS® Number	10317473
  Property Type	Other
  Neigbourhood	Kelowna South
  Community Name	The Juniper Place
  AmenitiesNearBy	Recreation, Schools

• Building

  Type	Residential Commercial Mix
  UtilityWater	Municipal Water

• Land

  Acreage	No
  CurrentUse	Mixed Use
  LandAmenities	Recreation, Schools
  Sewer	Municipal Sewage System
  SizeFrontage	271 Ft
  SizeIrregular	0.75
  SizeTotal	0.75 Ac|under 1 Acre
  SizeTotalText	0.75 Ac|under 1 Acre
  ZoningType	Unknown

• Rooms
• Utilities