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Kevin Morrison
kevin.morrison@engelvoelkers.com$ 1,488,900
Est. payment | /mo
4,000 SqFt
$ 1,488,900
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4000
Square Footage 4,000 sqft
Price per Sqft $372
Subdivision Kelowna North
MLS® Listing ID 10364717
Year Built 1950
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Fantastic Downtown Investment: Prime P2 Zoned Property, solid Income potential! Positioned in an A+ central location within Kelowna's flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history before COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna's core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. Currently, a 4-story apartment complex is easy to build. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air, See remarks
Cooling Window air conditioner
Exterior
Parking Features Yes
Garage Spaces 8.0
Garage Description 8
View Y/N No
Roof Type Unknown
Attached Garage No
Total Parking Spaces 8
Garage Yes
Private Pool No
Building
Lot Description Landscaped, Level
Sewer Municipal sewage system
Listed by Engel & Volkers Okanagan
NEARBY SCHOOL & BUSINESS
kevin.morrison@engelvoelkers.com
1429 Ellis Street, Unite States