310 Dougall Road, N Kelowna, British Columbia V1X 3K5

$2,100,000

Business Opportunity!! Business Opportunity!! The seller is looking for partnership/investor to develop this huge potential property jointly. Developers/investors are requested to make an offer for joint development. To acquire the whole project (Please see the MLS #10171248). Hard to find, mixed-use (Res. & Comm.) multi-family site in the geographic center of the Rutland center! Walking distance to unlimited shopping, restaurants, banking, parks, Rutland Transit Loop, recreation (YMCA) & employment. Flat and rectangular, this site offers a huge development option. Currently in the approval process (3rd Reading and Lot Consolidation done) as a mixed-use (C4) zoning and development permit. Development Permit will be issued by the city upon submitting the security bond for off-site works (Cash portion of the off-site works has already been paid to the city). Ready to apply for Building Permit for a proposed residential (Condo & Townhouse) and commercial (Office/Retail) complex. The ground floor of the proposed building will encompass approximately 2,200 sq. ft. of office/retail space and the covered/secured parkade. The upper floors will contain a total of 23 residential units (24,160 sq. ft.), consists of i) 2 Bed & 2.5 Bath Townhouse (6 nos.) ii) 2 Bed & 2.5 Bath Bi-plex Condo (7 nos.) iii) 2 Bed & 2 Bath Single level Condo (8 nos.) iv) 1 Bed & 1 Bath Condo (1 no.) v) Studio Condo (1 no.). Clear Title. Vacant site. All offers must include the agency disclosure. (id:20737)

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https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20049998