401 Meikle Avenue
Kelowna, British Columbia V1W3T5

$2,599,000

ID# 10307328
Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for recreational activities and stunning views. Current zoning is UC5 (Pandosy Urban Centre) which promotes livable, vibrant, sustainable communities with optimal land use and increased economic activity. The owner has a 24-unit Development Permit in place with the city, which can be revised to 30-units without any further approvals. Permitted density up to 2.35 F.A.R. Gross lot size of 9,590 sq. Ft that permits up to 22,614 sq. Ft of buildable area. Impressive preliminary architectural plans and landscaping plans in place. As an added bonus, there is an existing detached 5 bed 2 bath home with suite that provides a gross income of $4,100/month with utilities paid by the tenant. An excellent income source for the holding period prior to redevelopment. (id:3942)
Courtesy of Royal LePage Kelowna

Listed on: March 18, 2024

On market: 40 days
Bathroom Total 2
Bedrooms Total 5
Half Bathrooms Total 0
Year Built 1958
Cooling Type Central air conditioning
Heating Type Forced air, See remarks
Stories Total 1
Full bathroomBasement4'2'' x 10'3''
BedroomBasement10'0'' x 9'0''
Laundry roomBasement7'8'' x 8'2''
Utility roomBasement11'0'' x 6'4''
BedroomBasement8'0'' x 11'3''
BedroomMain level9'4'' x 11'0''
4pc Ensuite bathMain level8'0'' x 7'3''
Primary BedroomMain level11'0'' x 11'11''
BedroomMain level10'9'' x 11'9''
KitchenMain level9'3'' x 15'4''
Living roomMain level12'1'' x 20'4''
KitchenAdditional Accommodation13'1'' x 12'9''
Living roomAdditional Accommodation13'0'' x 23'0''
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401 Meikle Avenue

Louise Levesque

Real Estate Advisor

 

MOBILE (250) 864-5218

Louise@LouiseLevesqueRealEstate.ca

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