765 Highway 33W & 135 & 155 Barber Road, Kelowna, BC - Residential Development Site with Holding Income

Residential Development Site with Holding Income

765 Highway 33W & 135 & 155 Barber Road, Kelowna, BC, V1X 3V3

Price:
$5,200,000

Property Description

HM Commercial is pleased to present this opportunity for an income producing land assembly in the Rutland Town Centre.

MAJOR BENEFITS

  • Three (3) lot assembly: 35,720 sq.ft. (0.82 acres) of land
  • Corner location on main transit route (easy connection to Downtown, Airport, UBC Okanagan)
  • OCP: medium density residential (max FAR of 1.4 for RM5)
  • Holding income until ready for development
  • Adjacent to retail plaza w/green grocer, Wendy’s TacoTime
  • 2 minute walk to Tim Horton’s, IGA Marketplace, Pharmacy
  • $104/sq.ft. of net saleable area of 50,008 sq.ft.
  • $83,371/door based on 62 units (807 sq.ft. Avg)

765 Highway 33 West, Kelowna, BC, Canada

Additional Information

Municipal Address 765 Highway 33W & 135 & 155 Barber Road, Kelowna, BC, V1X 3V3
Legal Description Lot 1-3 Plan KAP17229 Section 22 Township 26 Land District 41 Except Plan 39372
PID 008-433-712, 008-433-721, 002-341-565
Location Details The subject properties are well situated on the edge of the Highway 33 commercial sector in walking distance to shopping, restaurants, financial institutions, grocery, and services at Willow Park Shopping Centre and Plaza 33. They are located on a bus route for easy access to all area of the city, and are in close proximity to schools.
Land Area 35,720 sq.ft. (0.82 acres)
Zoning RU1 – Large Lot Housing
Future Land Use
(OCP)
MRM, Multiple Unit Residential (Medium Density)

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

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.