Prime investment opportunity in the Glenmore area of Kelowna. Gross potential MONTHLY revenue of $11,000+, easily scaled up higher. 0.563 acre lot, currently zoned RU2 but with future land use of C-NHD; potential rezoning to MF1 / MF2 to allow for a multi-family use. Main floor with 10 bedrooms... yes you read that right. Lower level with additional 4 bedrooms. 5 bathrooms total. 14 bedroom 5798 sq.ft. home is prime for rental revenue while waiting for your future development; alternatively, one could potentially rezone the site, and build additional unit(s) on the excess land for even further cash flow. The property has 2 street frontages. This is one of the rare properties where it carries immense value as-is as a cash flow asset; you can easily pay off the mortgage + retain profit while you decide on what you want to do with the land. Now that the OCP is in and its clear what you can accomplish on this C-NHD designated property, the choice is yours on how you decide to best utilize this property. Do not visit the property without an appointment. (id:2493)More details
Being offered is Sunoka Apartments which has 25 rental suites (16 studious and 9-1 bedrooms) in two separate 2 story buildings. Built 2008. Located in Trout Creek (Summerland). Rents are very good, set in 2021-22. As of listing date March 2023 all units are full. Please call for detailed package. Could be purchased with adjacent Summerland Motel MLS # 10262831 (id:2493)More details
ATTENTION DEVELOPERS! Central Rutland development zone. OCP supports up to 4-6 story construction. Potentially 30,000+ Square Feet of development potential with a max FAR of 1.4 (before variances). One of the busiest re-development zones in Kelowna, Rutland is thriving with business and construction. Close to all amenities and 10 minutes to UBC and the airport. Steps to a major transportation corridor and a 40-minute drive to Big White ski resort. This property to be sold together with 365, 375 and 395 Froelich Road. Please call for information on development potential. (id:2493)More details
Data was last updated April 1, 2023 at 02:15 AM (UTC)
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Central Okanagan Homes
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