$6,499,000

**PRIME INVESTMENT OPPORTUNITY | ** Exceptional 0.75-acre (32,670 sq. ft.) UC5-zoned property in the desirable Lower Mission neighbourhood, featuring **12 separately titled townhomes** across three well-maintained buildings. Each unit offers 2 bedrooms, 1.5 bathrooms, a kitchen, living room, and in-suite laundry. Currently generating **strong monthly rental income**, this property provides excellent holding income with significant redevelopment potential. UC5 zoning may allow MIXED- USE residential or HOTEL development of up to 6 storeys, with a potential **2.05 FAR and approximately 66,900 sq. ft. of buildable floor area**, subject to municipal approvals and applicable regulations. The property offers ample parking and a prime location within walking distance of Okanagan College and minutes from Gyro Beach, H2O, shopping, restaurants, and other amenities. **An outstanding opportunity for investors and developers seeking immediate income and long-term redevelopment potential!** (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10404607
  Property Type	Other
  Neigbourhood	Kelowna South
  Community Name	The Juniper Place
  AmenitiesNearBy	Recreation, Schools

• Building

  Type	Residential Commercial Mix
  Utility Water	Municipal Water

• Land

  Acreage	No
  Current Use	Mixed Use
  Land Amenities	Recreation, Schools
  Sewer	Municipal Sewage System
  Size Frontage	271 Ft
  Size Irregular	0.75
  Size Total	0.75 Ac|under 1 Acre
  Size Total Text	0.75 Ac|under 1 Acre