2977 Lowe Court, Kelowna, British Columbia V1Y 8L3

UNIQUE DEVELOPMENT OPPORTUNITY w/ LOADS of POTENTIAL in OKANAGAN COLLEGE TRANSIT DESIGNATED AREA, allowing up to 6 STORIES and a 2.5 FAR or up to 110, 206 BUILDABLE SQUARE FEET! This property is part of the 6 lot GORDON Drive/LOWE Court LAND ASSEMBLY and must be purchased in conjunction with 2997 Lowe Crt, 2987 Lowe Crt, 2922 Gordon Dr, 2930 Gordon Dr and 3010 Gordon Dr. In a superb location (KEL SOUTH), the LAND ASSEMBLY is within 400m of a Transit Exchange meaning parking requirements greatly reduced (Commercial and Universal Accessibility Parking only). Easy walk to buses, college and high schools, beaches, restaurants, shopping, the hospital and more! Upcoming changes allow option to rezone to UC5. Gordon Drive is also a TRANSIT SUPPORTIVE CORRIDOR but with only 4 Kelowna TRANSIT ORIENTED AREAS under the NEW PROVINCIAL LEGISLATION, this parcel contains 4 of only 793 total lots being rezoned in the Transit Oriented Areas. Flat site, easy to build with exceptional exposure on Gordon and excellent access off Lowe Crt. Buyers to do own due diligence on intended use, both municipally and provincially. Total Purchase Price $10,139,000. Estimated Total Revenue, adding owner occupied units: $283,200/year ($23,600/mo). (id:27476)

This property is surrounded by convenient amenities such as public transit, schools, and shopping, making it an ideal location for potential buyers.

With a freehold ownership type, this property offers a total of 5 parking spaces, providing ample parking for residents and guests.

Offering a promising development opportunity, this property is part of the 6-lot Gordon Drive/Lowe Court land assembly. It must be purchased alongside 2997 Lowe Crt, 2987 Lowe Crt, 2922 Gordon Dr, 2930 Gordon Dr, and 3010 Gordon Dr. Situated in the desirable KEL SOUTH location, the land assembly is within walking distance to various amenities, including transit, schools, beaches, restaurants, shopping, and the hospital.

The location and zoning of this property present a wide range of opportunities for developers. The 2040 OCP supports ED/INST zoning, allowing for up to 6 storeys with a 2.0 FAR. The properties currently zoned RU4 total 1.012 acres, with the potential for up to 88,165 buildable sq ft. Additionally, the parcel fronts Gordon Drive TRANSIT SUPPORTIVE CORRIDOR and is within a 400m radius of OK College Bus Exchange, making it one of only 4 Kelowna TRANSIT ORIENTED AREAS under the NEW PROVINCIAL LEGISLATION.

With a flat site and easy access off of Lowe Crt, this property offers exceptional exposure and is suitable for various uses. The total purchase price is $10,139,000, with an estimated total revenue of $283,200/year ($23,600/mo) when adding owner-occupied units.

For sale in Kelowna, British Columbia, this property boasts a land size of 0.16 ac, making it an attractive investment opportunity. Its prime location on 2977 Lowe Court offers easy access to public transit, schools, and shopping.

Featuring 5 bedrooms and 4 bathrooms, this detached house with a cooling type of central air conditioning and heating fuel of electric is designed with an architectural style of Other. With 2.00 stories, this property presents a unique opportunity for potential buyers.