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2987 Lowe Court | $1,974,000
Lynn Doering Agent Photo
Lynn
Doering
C. (250) 300-5032
 P. (778) 622-3446
 Phone Lynn www.lynndoering.ca
ENGEL & VOLKERS SOUTH OKANAGAN
467 Main Street
 Penticton, BC
 Canada V2A 5C4

Details

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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

My clients are prioritized over all else. I listen and implement systems to help ensure the buying or selling process is as efficient and pressure free as possible. Clients can count on me to be available when they have questions. I am sincere, reliable and have a warm friendly approach. My business is built on communication and trust, with the goal of ensuring you feel confident with your decision to hire me. Real Estate is a business built on referrals and I strive to exceed expectations to earn trust and repeat business.  

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