2325 Old Okanagan Hwy
- Prime location
- Type: Commercial
- Style: Lot / Land
- Development Level: Built
- Lot Type: Irregular
- Lot Size: 21.225 acres
Over 21 acres property located in West Kelowna between Old Okanagan Hwy and Louie Drive. A large prime lot close to highway 97, with lake view and walking distance to all the amenities and shopping area. Used as a campground at the moment with duplexes and row housing, but there is a potential to build townhouses or develop a gated community for families and/or seniors. Some sections they will allow high-rises or perhaps some mixed-use. Easy to build and all services are on-site. Based upon a detailed development plan the seller will consider joint venture with a qualified buyer. Offered for sale 99-year pre-paid lease, 125-year lease can be negotiated. No Provincial Transfer Tax (PTT) and GST exemption may apply on the sale and re-sale. Generally, a much quicker, efficient, certain development process. In commercial application the land lease can be written off as an expense. Very save and secured investment. Walmart and Superstore are beside this development and are on a similar land lease. Please contact listing agent for a detailed explanation.
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SAGE EXECUTIVE GROUP REAL ESTATE CORP
Information is deemed to be correct but not guaranteed.
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