110 Yorkton Road, West Kelowna, British Columbia V4T 0B1

Listed for:
$4,250,000
0 beds
0 baths
Listed 125 days ago
Other for rent: 110 Yorkton Road, West Kelowna, British Columbia V4T 0B1

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Listing provided by:
RE/MAX Kelowna
MLS® number:
10302200
Agent:
Audrey Houghton
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About

Real estate development opportunity 3.42 acres with conceptual drawings to construct 37 unit multi family site. This stunning site offers a complete package for multi family development with zoning in place. The conceptual drawings/plans consist of 3 high end 6-plex stacked buildings and 19 multi-family homes which offer sun decks, private elevators and 180 degree unobstructed lake and valley views. The site can achieve significantly higher density. Majority of the roads and infrastructure are in place providing a streamlined development process. All services are available. Whether you enjoy exploring the nearly trail systems for walking, hiking, biking or taking advantage of the nearly waterfront and beaches golf courses or wineries. The Trails Development offers the perfect setting and lifestyle. Other design can be submitted with The Trails approval (PLEASE NOTE: “higher density is achievable for this site”) Capital costs invested to date include infrastructure to access both properties to the lot line, material removal , civil work including storm, water, sewer & shallow utilities to the lot line, design costs, development permit costs, Park development and fencing, roundabout traffic circle and improvements to Glenrosa Road are off site costs that have also been completed. The work accomplished to date accelerates your development process. This Master Planned Community will consist of 109 single family home sites and 2 Multi family sites. DP is in Place. (id:27476)

Property Highlights

Type
Other
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby
Public Transit, Park, Recreation, Schools, Shopping

Location

Summary

Located in the city of West Kelowna, this property offers a prime real estate development opportunity with a land size of 3.42 acres and ownership type of Freehold. The site comes with conceptual drawings for the construction of a 37 unit multi-family site, making it an ideal investment for real estate developers.

The conceptual drawings include plans for 3 high-end 6-plex stacked buildings and 19 multi-family homes, all of which offer sun decks, private elevators, and stunning 180-degree unobstructed lake and valley views. The site already has zoning in place and can achieve significantly higher density, with most of the roads and infrastructure already in place, streamlining the development process. All necessary services are available, making it a convenient and attractive location for potential buyers.

Aside from its development potential, the property also offers a desirable lifestyle, with nearby trail systems for walking, hiking, and biking, as well as access to waterfront and beaches, golf courses, and wineries. The Trails Development provides the perfect setting for those looking to enjoy an active and outdoor-oriented lifestyle.

Capital costs have already been invested in infrastructure, material removal, civil work, design costs, development permit costs, park development, and fencing, as well as off-site improvements to Glenrosa Road. This means that a significant amount of work has already been completed, accelerating the development process for potential buyers.

In addition to the multi-family site, the property is also part of a Master Planned Community that will consist of 109 single-family home sites. The development permit is already in place, making it an attractive and well-prepared investment opportunity for interested buyers.

Overall, this property is for sale and offers a unique opportunity for real estate developers or investors looking to capitalize on its prime location, development potential, and attractive lifestyle offerings. With its convenient amenities, stunning views, and existing infrastructure, it presents a compelling opportunity for those looking to make a sound investment in the West Kelowna area of British Columbia.

110 Yorkton Road, West Kelowna, British Columbia, V4T0B1