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2987 Lowe Court | $1,974,000
Amar Kahlon* Agent Photo
Amar
Kahlon*
C. (250) 809-0968
 P. (250) 492-2266
 Phone Amar www.teamkahlongroup.com
RE/MAX PENTICTON REALTY
302 Eckhardt Avenue West
 Penticton, BC
 Canada V2A 2A9

Details

%
Years (35 year max)
Years



Address 2987 Lowe Court
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,974,000
Property TypeSingle Family - Detached
Bedrooms5
Bathrooms3
Half Baths0
Floor Space1872 Square Feet
Lot Size0.19 Acres
WaterfrontNo
Year Built1990
Taxes $4,334
Tax Year2023
MLS® #10303070

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 2997 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

Amar Kahlon is an award-winning real estate professional and has vast knowledge in the real estate field. Living in Penticton for well over two decades with his family. He and his wife Supreet raised two children, Ikjot and Udai in Penticton. Ikjot and Udai are now partners with Amar in Team Kahlon.

Amar is known for providing exceptional real estate service, starting with a great foundation, versatility, and innovations. He brings a diverse and unique experience in sales, marketing, and development. Amar has a proven track record for building trust in his tenacity, work ethic, professionalism, and ability to deliver exceptional results for his clients. He is client-focused and results-driven. His sophisticated negotiation skill set him apart in his ability to advocate for his clients. He has extensive experience in development, rezoning, land assemblies, and successfully helping his clients to complete developments. He is a savvy, strategic and trusting partner and feels privileged to be able to help his clients reach their goals and dreams.

Amar loves travelling, biking, hiking and cooking different cuisines and socializing with his friends and families.

Amar would be honored to work with you to reach your real estate goals.

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