840 Lanfranco Road
$8,599,000 Sale
Listed 38 days ago
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Key Facts
Key facts for 840 Lanfranco Road
Property Type
Commercial, Residential Commercial Mix
0 garage, 0 parking
Listed on
Lot size
Days on Market
Year Built
Maintenance Fee
$ 0/mo
RE-Development Opportunity to purchase this prime 0.75-acre (32,670 SF) property with 3 separate buildings, 12 Separate Titles, plenty of parking, and room for potential expansion/development in the UC5 Zoning walking distance to OKANAGAN COLLEGE and GYRO BEACH. The property has potential for resid...ential use mixed apartments of up to 6 stories. Permitted density will be 2.05 F.A.R (with bonus), could achieve 66,900 buildable SF (plus/minus). Each building has 4 units with 2 bedrooms, 1.5 Bath, a living room, a kitchen and laundry in each unit. All the units are kept very well-maintained and should provide years of solid income and development opportunities for investors! This property is within walking distance to Okanagan College, Minutes to Gyro Beach, H2O, wineries, golf, restaurants, grocery stores and all other amenities.Currently generate $25,000 approx. monthly rental income. (id:10452)
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Listing courtesy of: RealtyMonX
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