Listing Presented by Ken Mitchell - BC Real Estate License: 010152 with RE/MAX Kelowna  (800) 663-5770
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Contact:Ken Mitchell
RE/MAX Kelowna
Direct Line:(250) 470-2143
Toll Free:(800) 663-5770
Mobile:(250) 470-2143
Fax:(250) 860-0016
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MLS®#: 10130345 $3,500,000 Lot 323-24 Spland Road WEST KELOWNA BC V1Z 3Y7
Active
Description: 69 unit townhouse development property located only 5 minutes to downtown Kelowna. Level, easy build, 3.35 acre site is situated adjacent to Indigenous World Winery vineyard and bordering Keefe Creek. Proforma financials show a $5.8 million profit with a conservative anticipated sale price of $400,000 per unit unit. Extensive architectural and engineering work has been done and WFN council has approved the Development Permit. The 2 stage permit approval process is complete and the DP will be released as soon as the DCC's are paid. Unique to Canada is a 126 year long, CMHC approved, pre-paid lease. Hydrology report, Geotechnical report, preliminary architectural drawings, landscape design.... hundreds of thousands of dollars has been spent bringing this property to this stage. Property can be built out and financed in 4 phases. Call for more information! Paul Neufeld or Wes Jones with RE/MAX Kelowna NEUFELD JONES MARSHALL; 250-470-1044; paul@neufeldjones.com.
Property Type:
Land
Area:
Central Okanagan
Neighborhood:
WKE - West Kelowna Estates
Acres:
3.350
Lot Dimensions:
288.00X580.00
Tax Year:
2016
Gas:
Available
Sewer:
Available
Water:
Available - Supply: Municipal
Zoning:
multi
Ownership:
Leasehold


Financing:

LOT FEATURES: Mountain View
Provided By:
List Office: RE/MAX KELOWNA
Office Phone: (250) 717-5000
List Agent: Paul Neufeld
(250) 470-1044