A multi-family development site in Kelowna has sold for $2.1 million, HM Commercial tells Western Investor.
The site is 1.05 acre with residential zoning in place for a 50-unit condo building. The proposed condo project has a gross building area of 102,502-square-feet. The property is in the Glenmore neighbourhood of Kelowna, walking distance to schools, grocery and shopping, and a ten-minute drive to downtown Kelowna, Lake Okanagan and further to UBC Okanagan.
The property is located at 129 Wyndham Cres., Kelowna.
Breakdown:
Price: $2,100,000
Lot Size: 1.05 acres
Property Type: Land
Zoning: RM5
2016 B.C. Assessment Value: $1,485,000
City: Kelowna
Province: B.C.
Name of Brokerage: HM Commercial Group – Macdonald Realty Kelowna
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