3830 Gellatly Road South, West Kelowna, British Columbia V4T2K6

Listing courtesy of Oakwyn Realty Okanagan.

$1,990,000
4
BD
3
BA
2,163
SqFt

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List Price
$1,990,000
Price Change
▼ $110,000 1778303482
MLS®
10369413
Days on Market
251
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family
Bedrooms
4
Bathrooms
3
Living Area
2,163
Lot Size Dimensions
0.85
Lot Size
37,026
Subdivision
Westbank Centre

Property Description

Attention Investors! Here's a golden opportunity—a 0.85-acre property with Development Permits for 20 lake-view townhouses, along with valuable city DCC credits earmarked for road frontage enhancements. Everything is set for a savvy investor to step in and capitalize. Not keen on townhouses? No worries! The Official Community Plan (OCP) designates this land as MDR, Medium Density Residential. Furthermore, the $3,500 monthly rent from this well-maintained house can offset mortgage expenses. The location couldn't be better. Within a 5-minute drive, you'll find yourself at the beach or the shopping center. And in just 10 minutes, you can be indulging in the wines of the Okanagan. Situated adjacent to the new and burgeoning community Shorerise, this spot is becoming one of the most sought-after in West Kelowna. Don't delay—seize this promising opportunity today! (id:5764)

Additional Information

Ownership
Freehold
View
Lake view, Mountain view
Garage
Yes
Subdivision
Westbank Centre
Parking Spaces
5
Fireplaces
1
Cooling
Central air conditioning
Country
Canada
Flooring
Carpeted, Ceramic Tile, Linoleum, Vinyl
Sewer
Municipal sewage system
Roof
Asphalt shingle, Unknown
Heating
Baseboard heaters, Electric
Lot Features
Irregular lot size, Two Balconies
Architectural Style
Contemporary
Stories
2
Lot Size
37,026

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Calculator source: Real Geeks