840 Lanfranco Road, Kelowna, BC, V1W 3X1 - commercial for sale | Listing ID 10307081

840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

MLS® # 10307081

Commercial For Sale In South Pandosy, Kelowna, British Columbia

$8,599,000

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840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

$8,599,000

Property Information:

RE-Development Opportunity to purchase this prime 0.75-acre (32,670 SF) property with 3 separate buildings, 12 Separate Titles, plenty of parking, and room for potential expansion/development in the UC5 Zoning walking distance to OKANAGAN COLLEGE and GYRO BEACH. The property has potential for residential use mixed apartments of up to 6 stories. Permitted density will be 2.05 F.A.R (with bonus), could achieve 66,900 buildable SF (plus/minus). Each building has 4 units with 2 bedrooms, 1.5 Bath, a living room, a kitchen and laundry in each unit. All the units are kept very well-maintained and should provide years of solid income and development opportunities for investors! This property is within walking distance to Okanagan College, Minutes to Gyro Beach, H2O, wineries, golf, restaurants, grocery stores and all other amenities.Currently generate $25,000 approx. monthly rental income. (id:27)

Building Features:

Style: Mixed
Building Type: Residential Commercial Mix

Property Features:

OwnershipType: Freehold
Property Type: Other
Amenities Nearby: Recreation, Schools
Current Use: Mixed use
Lot Frontage: 271.0 Feet
Zoning Type: Multi-Family
Sewer: Municipal sewage system

Courtesy of: RealtyMonX

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Market Price Trends

Location of 840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

28 hot days expected in 2050

Projected Storm Risk: Relatively Low

12 storms expected in 2050

Projected Heat Risk: High

28 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 840 Lanfranco Road , experiences 7 hot days per year at around 32.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.7 degrees Celsius.

Projected Avg. Temperature

Past

32.9℃

2050

36.7℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

12 storms expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 840 Lanfranco Road , experiences 11 significant 2-day storms per year, with about 141.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 155.3mm of precipitation per year.

Precipitation Per Storm

Past

141.7mm

2050

155.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,517.50

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.3 %

High school certificate or equivalent

32.83 %

Apprenticeship trade certificate/diploma

8.08 %

College/non-university certificate

23.73 %

University certificate (below bachelor)

1.2 %

University Degree

19.86 %

Commuter

Travel To Work

By Car

73.82 %

By Public Transit

9.7 %

By Walking

11.18 %

By Bicycle

3.66 %

By Other Methods

1.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

71.18 %

Houses

28.82 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

840 Lanfranco Road, Kelowna, British Columbia, V1W 3X1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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