401 Meikle Avenue, Lower Mission in Kelowna, BC
This is an Other Listing with See Remarks parking.
401 Meikle Avenue, Lower Mission in Kelowna
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. Current house on property is 5 bed/ 2 bath with suite downstairs. (id:6289)
$2,599,000
401 Meikle Avenue, Kelowna, British Columbia
Essential Information
- MLS® #10307340
- Price$2,599,000
- Bathrooms0.00
- Acres0.22
- Year Built1958
- TypeOther
- Sub-TypeFreehold
- Days on Website41
Amenities
- AmenitiesPark, Recreation, Schools, Shopping
- ParkingSee Remarks
Exterior
- ExteriorStucco, Wood siding
- RoofAsphalt shingle
Listing Details
- Listing OfficeRoyal LePage Kelowna
Community Information
- Address401 Meikle Avenue
- SubdivisionLower Mission
- CityKelowna
- Postal CodeV1W3T5
Interior
- HeatingForced air, See remarks
- CoolingCentral air conditioning
Additional Information
- ZoningUnknown