About This Property
INVESTOR ALERT!!! THE 2026 TAX ASSESSED VALUE IS $3,344,000. THE SELLER IS OPEN TO ALL REASONABLE OFFERS & MAY LOOK AT A PARTNERSHIP TO BUILD INDUSTRIAL WAREHOUSE FACILITIES ON THE PROPERTY. THIS IS A GREAT HOLDING AND/OR DEVELOPMENT PROPERTY WITH POTENTIAL TO REZONE FROM A2 TO I2. This is a rare package of 1.85 Acres, close to the University, with a large house/building with 8 bedrooms, 6 bathrooms, a 5-car garage, and all under one roof. An excellent revenue property, or great for an extended family, or both. This property is NOT in the ALR (buyer to confirm) and rezoning from A2 to I2 (OCP 2040 Future Land Use is Industrial) is possible making this a great holding and/or development property. Don't miss out! (id:64973)
The $596 per square foot asking price for this 5,865 square foot property is on the higher end of the Kelowna market, yet it presents a compelling value proposition given the sizeable 1.85-acre lot and potential for redevelopment. This property would likely appeal to investors seeking a strategic land acquisition in a desirable Kelowna location, with the option to explore industrial warehouse development or maintain the existing residential asset.
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