$4,250,000
Real estate development opportunity. This stunning 3.42 acre site offers a complete package for multi family development with conceptual drawings/plans available and zoning in place. This site can achieve significant density with a maximum of 111 units based on 1000 sqft per unit. Additional examples are - 74 units @ 1500 sqft per unit or 55 units @ 2000 sqft per unit. Majority of the roads and infrastructure are in place providing a streamlined development process. All services are available. Whether you enjoy exploring the nearly trail systems for walking, hiking, biking or taking advantage of the nearly waterfront and beaches golf courses or wineries. The Trails Development offers the perfect setting and lifestyle. Other design can be submitted with The Trails approval (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. This Master Planned Community will consist of 109 single family home sites and 2 Multi family sites. DP is in Place. (id:59282)
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Property Details
MLS® Number 10302200 Property Type Vacant Land Neigbourhood Glenrosa AmenitiesNearBy Public Transit, Park, Recreation, Schools, Shopping CommunityFeatures Pets Allowed RoadType Paved Road ViewType Lake View, Mountain View, View (panoramic) -
Building
Type Other UtilityWater Municipal Water -
Land
Acreage Yes CurrentUse Development Residential LandAmenities Public Transit, Park, Recreation, Schools, Shopping Sewer Municipal Sewage System SizeIrregular 3.42 SizeTotal 3.42 Ac|1 - 5 Acres SizeTotalText 3.42 Ac|1 - 5 Acres ZoningType Residential -
Utilities
Cable Available Electricity Available Natural Gas Available Telephone Available Sewer Available Water Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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June 22 2024 06:52:07
Okanagan-Mainline Real Estate Board
RE/MAX Kelowna
