+30 more
10
Bedrooms
3
Bathrooms
4,000 sqft
Living Area
0.16 ac
Lot
1950
Year Built
About This Property
This 10-bedroom, 3-bathroom other in Kelowna offers 4,000 sqft of living area on a 0.16 ac lot. Built in 1950, 3 storeys. The property has lot dimensions of 0.16. The home features forced air, see remarks heating, window air conditioner. Highlights include a 6-car garage.
MLS Remarks
Fantastic Downtown Investment: Prime P2 Zoned Property, solid Income potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history before COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. Currently, a 4-story apartment complex is easy to build. (id:60351)
Overview
Property Typeother
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