5 Bedrooms

4 Bathrooms

2,528 sqft

$1,750,000

Prime Development Opportunity – Boutique Hotel Site. Exceptional chance to acquire a fully rezoned (C9A Tourist Commercial) 0.62-acre corner lot in the heart of Lake Country, offering outstanding exposure with approximately 110 feet of frontage on Turtle Bay Court, 100 feet on Seymour Road, and 253 feet along Woodsdale Road, a prime corridor in this rapidly growing community. A completed feasibility study and renderings are available for a proposed four-storey, 28-unit boutique hotel, featuring a well-balanced unit mix of studio, one-bedroom, and two-bedroom suites, along with 28 open parking stalls. There is additional upside potential with the possibility to expand to six storeys, subject to variance and design modifications. The property is currently improved with a well-maintained 2,528 square foot home built in 1994, offering five bedrooms, four bathrooms, and a legal two-bedroom suite, providing excellent holding income potential. Ideally situated near Wood Lake and Kalamalka Lake with convenient access to Kelowna International Airport, UBC Okanagan, and key transportation routes, this location is well-positioned to support tourism and short-term accommodation demand, an area currently undersupplied in the region. Surrounded by ongoing multi-family development and a planned senior care facility next door, the neighbourhood is poised for significant growth. Zoning allows for a wide range of uses including hotels or motels, breweries and distilleries, food establishments, liquor stores, indoor recreation and entertainment, with secondary uses such as offices, personal services, and retail, making this a rare and versatile development opportunity in one of the Okanagan’s fastest-growing markets. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10383447
  Property Type	Single Family
  Neigbourhood	Lake Country East / Oyama
  AmenitiesNearBy	Golf Nearby, Airport, Park, Recreation, Schools, Shopping
  Features	Cul-de-sac, Level Lot, Corner Site
  ParkingSpaceTotal	12
  RoadType	Cul De Sac
  ViewType	View (panoramic)

• Building

  Bathroom Total	4
  Bedrooms Total	5
  Architectural Style	Other
  Constructed Date	1993
  Construction Style Attachment	Detached
  Cooling Type	Central Air Conditioning
  Exterior Finish	Brick, Vinyl Siding
  Heating Type	Forced Air, See Remarks
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	2
  Size Interior	2,528 Sqft
  Type	House
  Utility Water	Well

  Parking

  Additional Parking
  Attached Garage	2
  R V	2

• Land

  Access Type	Easy Access
  Acreage	No
  Fence Type	Fence
  Land Amenities	Golf Nearby, Airport, Park, Recreation, Schools, Shopping
  Landscape Features	Landscaped, Level
  Sewer	Municipal Sewage System
  Size Frontage	110 Ft
  Size Irregular	0.62
  Size Total	0.62 Ac|under 1 Acre
  Size Total Text	0.62 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Primary Bedroom			15'1'' x 11'1''
  Second Level	Living Room			14'6'' x 12'10''
  Second Level	Kitchen			10'3'' x 12'4''
  Second Level	Dining Room			9'5'' x 12'11''
  Second Level	Dining Room			13'3'' x 10'5''
  Second Level	Bedroom			15'2'' x 8'9''
  Second Level	Bedroom			11'8'' x 9'1''
  Second Level	5pc Bathroom			11'8'' x 7'6''
  Second Level	4pc Ensuite Bath			7'6'' x 4'11''
  Main Level	Utility Room			5'11'' x 6'6''
  Main Level	Primary Bedroom			15'0'' x 11'9''
  Main Level	Kitchen			12'1'' x 12'10''
  Main Level	Dining Room			11'9'' x 12'0''
  Main Level	Bedroom			11'4'' x 8'7''
  Main Level	4pc Bathroom			11'4'' x 7'10''
  Main Level	3pc Ensuite Bath			5'0'' x 6'8''
  Main Level	Living Room			16'1'' x 12'10''