About This Property
**MF2 Zoned | 9-Unit Townhome Site Plan Approved | Priced Below 2016 Comps | EXCEPTIONAL INVESTMENT** 82’ x 183’ lot zoned MF2 for **Townhomes** (not small infill). Approved site plan allows phasing into three buildings of three units each for a total of 9 townhomes. Existing 5-bed home provides immediate income while you develop. ~$64/sq ft buildable | $149,999 per door. Prime location with Bike Score 97, under 200m from Guisachan Village Starbucks. Buyers to conduct their own due diligence. Listing agent has partial ownership. (id:64973)
The $1,349,998 price tag equates to $538 per square foot, which is considerably higher than the current Kelowna townhome average of $461 per square foot, suggesting this property may be overpriced. However, the approved 9-unit townhome site plan and immediate rental income from the existing 5-bedroom home make this an attractive investment opportunity for developers seeking to capitalize on Kelowna's strong real estate market.
Property Details
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