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2343 Pandosy Street Kelowna, British Columbia V1Y 1T2

$3,095,000

Exciting Opportunity in the new MF4 Zoning! The owner is well into a Development Permit process for a 5-story building and now with new MF4 zoning this can now be mixed use commercial (main floor) and residential of up to 6 stories total, and minimal parking. Permitted density will be 2.5 F.A.R. or 26,853 sqft Very impressive preliminary plans available. Commercial will be permitted on the main floor. Two properties have been amalgamated to one title. The holding period can be profitable with excellent steady monthly income of approximately $10,000 attainable from the International Hostel ($6,000/month) and detached 3+2 bedroom home ($4,000/month). The Hostel can also be operated for much higher income and hostel revenue in the summer months ranges from $25k to $35k. (id:20737)

Property Details

MLS® Number 10306256
Property Type Other
Neigbourhood Kelowna North

Building

Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Current Use Mixed Use
Sewer Municipal Sewage System
Size Irregular 0.27
Size Total 0.27 Ac|under 1 Acre
Size Total Text 0.27 Ac|under 1 Acre
Zoning Type Unknown

https://www.realtor.ca/real-estate/26591123/2343-pandosy-street-kelowna-kelowna-north


Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

(250) 860-1100
(250) 860-0595
https://royallepagekelowna.com/

Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

(250) 860-1100
(250) 860-0595
https://royallepagekelowna.com/

Interested?

Contact us for more information


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