$8,800,000
Listing includes 2 sites zoned R3 multi family. Real estate development opportunity offering 2 multi-family sites one 3.42 acres and the other 3.84 acres in the Master Planned Community of the Trails neighborhood in West Kelowna offering stunning lake views of Lake Okanagan. These sites are zoned R3 to accommodate multi family with a development permit in place. This package includes conceptual drawings/plans for both sites. The conceptual design on site 1 is to construct 37 units consisting of 3 high end 6-plex stacked buildings and 19 multi-family homes. Site 2 conceptual drawings/plans for 3 high end 8-plex stacked buildings and 25 multi-family homes. Both sites will offer sun decks, private elevators and 180 degree unobstructed lake and valley views of Okanagan Lake. (PLEASE NOTE: “higher density is achievable for this site”) Capital costs invested to date include infrastructure to access both properties to the lot line, material removal , civil work including storm, water, sewer & shallow utilities to the lot line, design costs, development permit costs, Park development and fencing, roundabout traffic circle and improvements to Glenrosa Road are off site costs that have also been completed. The work accomplished to date accelerates your development process. Explore the surrounding ""Trails"" for walking, hiking and biking or taking in the Okanagan lifestyle with access to the nearby waterfront, beaches, golf courses and wineries. (id:42341)
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Property Details
MLS® Number 10277203 Property Type Vacant Land Neigbourhood Glenrosa View Type City View, Lake View, Mountain View, Valley View, View (panoramic) -
Building
Roof Style Conventional Type Other Utility Water Municipal Water -
Land
Acreage Yes Current Use Development Residential Sewer Municipal Sewage System Size Irregular 7.27 Size Total 7.27 Ac|5 - 10 Acres Size Total Text 7.27 Ac|5 - 10 Acres Zoning Type Unknown -
Utilities
Electricity Available Natural Gas Available Telephone Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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November 28 2023 10:43:47
Okanagan-Mainline Real Estate Board
RE/MAX Kelowna
