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2997 Lowe Court | $1,793,500
Mike and Jaclyn Agent Photo
Mike
and Jaclyn
C. (250) 493-2244
 P. (250) 493-2244
 Phone Mike
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
Years (35 year max)
Years



Address 2997 Lowe Court
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,793,500
Property TypeSingle Family - Detached
Bedrooms6
Bathrooms3
Half Baths0
Floor Space2058 Square Feet
Lot Size0.17 Acres
WaterfrontNo
Year Built1988
Taxes $4,390
Tax Year2023
MLS® #10303092

UNIQUE DEVELOPMENT OPPORTUNITY w/ LOADS of POTENTIAL in OKANAGAN COLLEGE TRANSIT DESIGNATED AREA, allowing up to 6 STORIES and a 2.5 FAR or up to 110, 206 BUILDABLE SQUARE FEET! This property is part of the 6 lot GORDON Drive/LOWE Court LAND ASSEMBLY and must be purchased in conjunction with 2987 Lowe Crt, 2977 Lowe Crt, 2922 Gordon Dr, 2930 Gordon Dr and 3010 Gordon Dr. In a superb location (KEL SOUTH), the LAND ASSEMBLY is within 400m of a Transit Exchange meaning parking requirements greatly reduced (Commercial and Universal Accessibility Parking only). Easy walk to buses, college and high schools, beaches, restaurants, shopping, the hospital and more! Upcoming changes allow option to rezone to UC5. Gordon Drive is also a TRANSIT SUPPORTIVE CORRIDOR but with only 4 Kelowna TRANSIT ORIENTED AREAS under the NEW PROVINCIAL LEGISLATION, this parcel contains 4 of only 793 total lots being rezoned in the Transit Oriented Areas. Flat site, easy to build with exceptional exposure on Gordon and excellent access off Lowe Crt. Buyers to do own due diligence on intended use, both municipally and provincially. Total Purchase Price $10,139,000. Estimated Total Revenue, adding owner occupied units: $283,200/year ($23,600/mo).

Listed by COLDWELL BANKER HORIZON REALTY

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

About Mike and Jaclyn

Mike and Jaclyn first worked together in marketing the initial phase of the Lakeshore Towers condominium project between 2002 and 2004. They bring a genuine upbeat approach to real estate, coupled with a professional thoroughness and commitment to doing the job right. They know how to negotiate an offer so that the sale happens. And they know how to keep everything on track, who to recommend for inspections, appraisals and the legal documentation. Anybody who has worked with them can tell you that they enjoy what they do, and that comes through in how they do it.


About Mike

Mike has been a realtor in Penticton since 1992, working in both the residential and commercial fields. His background as a newspaper editor and photographer before that have served him well on the marketing side, providing the skills for quality feature packages and internet exposure for listings. He has been involved in every type of real estate sale, from mobile homes to the one of the highest sale prices on Skaha Lake; commercial leases and the sale of buildings in Penticton's downtown core. He is known as an honest straight-forward person, one of three Penticton realtors chosen when realtors in the city were polled by an independent company as to who they would hire if they were no longer selling real estate. Mike grew up in southern Ontario, went to university and worked for several years in the Maritmes before settling in Penticton in 1988, where he raised his family.


About Jaclyn

Jaclyn's experience as a mortgage broker has proven to be a real asset for both buyers and sellers. After receiving her real estate license in 2003 and working first as an assistant then as a full-time realtor, Jaclyn left the industry to have her son Erik in 2006. She came back in 2008 to work in the mortgage industry, latterly as a mortgage broker. But by 2010 she realized that she missed the many facets of real estate, and joined Mike as partner. Her knowledge of the mortgage industry has been a real help to both buyers and sellers. Jaclyn grew up in Kimberley, B.C., and is a graduate of the University of Calgary.


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