3431 Old Okanagan Highway, West Kelowna | $699,900

Great investment opportunity with future development potential! Currently zoned MLFs which on this property allows up to a triplex with secondary suite or carriage house. Plans and surveys available. Currently rented with guaranteed subsidized rent by WFN, so this property offers great holding revenue while you make your development plans. New roof in 2024, HWT in 2023 and Furnace in 2018 so the expensive items have been done for the tenants. New modernized 125 year lease and no GST, PTT, or SPEC tax. Possibility of even higher density if neighboring lots combined. Located on a main transit corridor in West Kelowna, close to shopping, amenities, and restaurants. Buyer to perform own due diligence to verify maximum density under provisions of the zoning bylaw. Contact directly for more details.

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Description

Great investment opportunity with future development potential! Currently zoned MLFs which on this property allows up to a triplex with secondary suite or carriage house. Plans and surveys available. Currently rented with guaranteed subsidized rent by WFN, so this property offers great holding revenue while you make your development plans. New roof in 2024, HWT in 2023 and Furnace in 2018 so the expensive items have been done for the tenants. New modernized 125 year lease and no GST, PTT, or SPEC tax. Possibility of even higher density if neighboring lots combined. Located on a main transit corridor in West Kelowna, close to shopping, amenities, and restaurants. Buyer to perform own due diligence to verify maximum density under provisions of the zoning bylaw. Contact directly for more details.

General Info

MLS Listing ID: 10340647 Bedrooms: 4 Bathrooms: 3 Year Built: 1998
Parking: N/A Heating: Forced air, See remarks Lotsize: 0.22 ac|under 1 acre Air Conditioning : Central air conditioning
Home Style: N/A Finished Floor Area: Laminate, Linoleum Fireplaces: N/A Basement: N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .