1009 Hudson Road, West Kelowna, British Columbia V1Z 1J2

WEST KELOWNA DEVELOPMENT OPPORTUNITY: 8 UNIT POTENTIAL ON 0.34 ACRES NEAR TRANSIT. Premier development opportunity in West Kelowna's wine country with this 0.34-acre property, well positioned for an 8 residential project. Located on a corner lot with access from both Boucherie Road and Hudson Rd, the property aligns with recent legislative incentives for increased housing density near transit routes, enhancing its development potential. Currently, the site houses a 5-bedroom, 3-bathroom dwelling, split into a legal 2-bedroom basement suite and a 3-bedroom upstairs suite, generating an annual gross Revenue of $65,820. This revenue stream provides an excellent holding opportunity for investors or developers planning future projects. The flat terrain of the lot simplifies construction, and its strategic location in a burgeoning area, combined with the recent renovations to the existing structure, makes it an attractive proposition for those looking to invest in West Kelowna's growing housing market. This property offers a unique chance to contribute to the area's urban development while tapping into the lucrative potential of the region's real estate sector. (id:27476)

This property is a Condominium/Strata, with a total of 5 parking spaces available.

An exceptional development opportunity is available in West Kelowna, situated on a 0.34-acre lot that is well-suited for a multi-story residential project consisting of 8 to 12 units. The property, conveniently located on a corner lot with access from Boucherie Road and Hudson Rd, is in line with recent legislative incentives promoting increased housing density near transit routes, making it an ideal location for development. Currently, the property features a 5-bedroom, 3-bathroom dwelling, with a legal 2-bedroom basement suite and a 3-bedroom upstairs suite, generating an annual gross income of $63,000. This income stream presents an attractive holding opportunity for investors or developers planning future projects. The flat terrain of the lot simplifies construction, and its strategic location in a growing area, combined with recent renovations to the existing structure, makes it an appealing prospect for those looking to invest in West Kelowna's expanding housing market. This property offers a unique opportunity to contribute to the area's urban development while taking advantage of the lucrative potential of the region's real estate sector. (id:27476).

The property is currently listed for sale and features a land size of 0.34 acres, located at 1009 Hudson Road in the city of West Kelowna, British Columbia, with a postal code of V1Z1J2. The architectural style of the property is Ranch, with central air conditioning and a heat pump for cooling, and a stucco exterior finish. Additionally, the property includes a fireplace and uses electric heating fuel, with forced air, heat pump, and see remarks as the heating type. The property consists of 2 stories and is classified as a Multi-Family type.