$1,699,900
About this House
WEST KELOWNA INVESTMENT OPPORTUNITY: 8 UNIT POTENTIAL ON 0.34 ACRES NEAR TRANSIT. Premier development opportunity in West Kelowna\'s wine country with this 0.34-acre property, well positioned for a possible 8 unit residential project. Located on a corner lot with access from both Boucherie Road and Hudson Rd, the property aligns with recent legislative incentives for increased housing density near transit routes, enhancing its development potential. Currently, the site houses a updated 5-bedroom, 3-bathroom dwelling, split into a legal 2-bedroom basement suite and a 3-bedroom upstairs suite, generating an annual gross Revenue of $65,820. This revenue stream provides an excellent holding opportunity for investors or developers planning future projects. The flat terrain of the lot simplifies construction, and its strategic location in a burgeoning area, combined with the recent renovations to the existing structure, makes it an attractive proposition for those looking to invest in West Kelowna\'s growing housin
Listed by Royal LePage Kelowna.
Brought to you by your friendly REALTORS® through the MLS® System and OMREB (Okanagan Mainland Real Estate Board), courtesy of Team 3000 Realty for your convenience.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Features
- MLS®: 10307717
- Type: House
- Bedrooms: 5
- Bathrooms: 3
- Square Feet: 2,430 sqft
- Full Baths: 3
- Half Baths: 0
- Parking: 5 ()
- Fireplaces: Gas
- Balcony/Patio: Balcony
- View: View (panoramic)
- Storeys: 2 storeys
- Year Built: 2002