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401 Meikle Ave
Meikle Ave, South Pandosy - K.L.O., Kelowna, BC, V1W 3T5
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Quick Summary
Quick Summary
- Steps from Okanagan Lake shores with stunning views
- In vibrant Pandosy neighborhood near shops and cafes
- 0.22 acre site with 24-unit permit, expandable to 30 units
- High density zoning allows 22,614 buildable square feet
- Preliminary plans and landscaping already completed
- Existing 5 bed 2 bath rental home provides $4,100 monthly income
- Excellent redevelopment or holding income opportunity
- Prime location promotes sustainable, vibrant community
Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for... Show More
Large, 0.22 acre development site right across from Okanagan Lake and in the heart of the vibrant Pandosy neighbourhood in Kelowna. Close proximity to Pandosy Village, which offers a range of shops, cafes and services. Additionally, located steps from the shores of Okanagan Lake providing future residents with opportunities for recreational activities and stunning views. Current zoning is UC5 (Pandosy Urban Centre) which promotes livable, vibrant, sustainable communities with optimal land use and increased economic activity. The owner has a 24-unit Development Permit in place with the city, which can be revised to 30-units without any further approvals. Permitted density up to 2.35 F.A.R. Gross lot size of 9,590 sq. Ft that permits up to 22,614 sq. Ft of buildable area. Impressive preliminary architectural plans and landscaping plans in place. As an added bonus, there is an existing detached 5 bed 2 bath home with suite that provides a gross income of $4,100/month with utilities paid by the tenant. An excellent income source for the holding period prior to redevelopment. (id:54626)
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Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Full bathroom
10′3″ x 4′2″
Bedroom
9′0″ x 10′0″
Laundry room
8′2″ x 7′8″
Utility room
6′4″ x 11′0″
Bedroom
11′3″ x 8′0″
Bedroom
11′0″ x 9′4″
Ownership Details
Ownership
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