1095 Monterey Court | $1,620,000
Geoff Cowling Agent Photo
Geoff
Cowling
C. (250) 490-7272
 P. (250) 493-2244
 Phone Geoff http://www.geoffcowling.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

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Years (35 year max)
Years



Address 1095 Monterey Court
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$1,620,000
Property TypeResidential Development
Lot Size0.41 Acres
WaterfrontNo
Taxes $5,733
Tax Year2022
MLS® #10303530

0.41 acre (17,860 SF) development site in Rutland with MF2 zoning. Development permit application already submitted for a 9-unit townhouse project. Well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Rd and Rutland Rd South. Project conceptualized and designed by an experienced land development consultant with over a decade of experience managing and planning developments, including townhouse sites. DP Application submitted to the City of Kelowna in October 2023 for 9 residential 3-storey townhome units between 2 buildings. All 9 units offer 3 bedrooms, backyard patios, and double garages (7 units have side-by-side garages, 2 units have tandem garages). Design is well suited for a bare land strata and party-wall agreement (no strata fees for end users). No special Development Permits affect this site. Due diligence documents available upon a signed NDA include a Phase 1 ESA, Geotech Report, Site Survey, Architectural Plans, Landscape Plans and City of Kelowna Pre-Application Meeting Minutes. Holding income provided from the existing duplex on site (3 units). Option to acquire the holding company, which can eliminate the Property Transfer Tax. The neighboring property may also be available for sale.

Listed by UNISON HM COMMERCIAL REALTY

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About

Geoff Cowling has been helping clients make good real estate decisions since 1986, selling hundreds of properties in all kinds of market conditions. He has been a landlord, tenant, house and condo owner, vacation homeowner, strata corporation chairman, investor, renovator, general contractor on his family home, and a relocation buyer and seller. This helps him to understand your situation, and then help you to find a solution. This experience, and attention to detail, will help you to avoid costly and time consuming problems, giving you a real edge in a competitive market place.

Geoff is a Diamond Award winner, honouring the top 3% of all Royal LePage REALTORS® in Canada. He also served a five year term at the South Okanagan Real Estate Board, serving as Chair of the Professional Standards Committee, Chair of the Finance Committee, Vice-President, and then as President of the 300+ REALTOR® Board.

When not working, Geoff is an avid life-long skier, and also enjoys golf, mountain biking, hiking, and keeping fit. He appreciates time with his wife Lisa, and daughters Melissa and Emily. He is a long time supporter of the Children's Miracle Network, the Royal LePage Shelter Foundation, and volunteered for years in the Soupeteria soup kitchen.

Much of Geoff's business involves repeat clients, and people he has met through a word-of-mouth recommendation. You will always feel well informed, and able to make decisions in a pressure-free environment, that's a promise.

Geoff would enjoy the opportunity to help you, when you feel the time is right!