1763 - 1815 Boucherie Road & Lot 169 Boucherie Road, Westbank, BC - Multi-Family Land Assembly in WFN West Kelowna

Multi-Family Land Assembly in WFN West Kelowna

1763 - 1815 Boucherie Road & Lot 169 Boucherie Road, Westbank, BC, V4T 2C8

Price:
$8,745,000

Property Description

HM Commercial Realty is pleased to present the opportunity to purchase a 5-lot, residential assembly and a 0.97 acre vacant, multi-family parcel, on the Westside Wine Trail. The opportunities may be purchased together or separately.

The properties are located on the edge of Westbank First Nation’s land on the corner of Boucherie Road and Pritchard Drive. This is leasehold land – 125 years.

MULTI-FAMILY ASSEMBLY:   $5,750,000

  • Price reduced from $6,300,000
  • 1.037 acres (45,172 SF) between 5 titles on leasehold land (125 years)
  • Option to purchase 0.97 acres outlined on page below
  • 16 tenanted residential units with average rents at $1.65/SF per month with ability to increase to market rate of $2.05/SF per month
  • Zoned MFL – Multifamily Residential Low Density with a max density of 2.5 storeys
  • Offered at 5.25% Cap Rate with holding income
  • Assumable financing available
  • Under 5 minutes to Frind Winery, Mission Hill Winery and Quail’s Gate Winery

MULTI-FAMILY VACANT LOT:   $2,995,000

  • 0.97 acres (42,253 SF) on leasehold land (125 years)
  • Zoned MFL – Multifamily Residential Low Density with a max density of 2.5 storeys
  • Assumable financing available
  • Under 5 minutes to Frind Winery, Mission Hill Winery and Quail’s Gate Winery

1763 Boucherie Road, West Kelowna, BC, Canada

Additional Information

Municipal Address 1763 - 1815 Boucherie Road & Lot 169 Boucherie Road, Westbank, BC, V4T 2C8
Legal Description LOT 46-2-1 CLSR 73300, LOT 46-2-2 CLSR 73300, LOT 46-2-3 CLSR 73300, LOT 163 CLSR 73300, LOT 168 CLSR 71088, LOT 169 CLSR 71088
PID 900021428, 900021436, 900021444, 900021451, 901004951, 901004944
Location Details The subject properties are excellently located on the Westside Wine Trail, on the Westbank First Nation side. Under 10 minutes to 13 wineries, 2 breweries, Truck 59 Ciderhouse, Walmart Super Centre, multiple grocers and more, these lots are perfectly located for anyone wanting to live the Okanagan lifestyle.
Land Area 2.007 acres (87,425 SF)
Zoning MFL - Multifamily Residential Low Density
Lease Term 125 year land lease

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Personal Real Estate Corporation
Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

Marshall McAnerney

Personal Real Estate Corporation

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.