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3830 Gellatly Road S | $2,580,000
Norm Davies PREC* Agent Photo
Norm
Davies PREC*
C. (250) 809-1875
 P. (250) 493-2244
 Phone Norm http://www.normdavies.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
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Years



Address 3830 Gellatly Road S
AreaCentral Okanagan
Sub AreaWEC - Westbank Centre
State/ProvinceBritish Columbia
CountryCanada
Price$2,580,000
Property TypeSingle Family - Detached
Bedrooms4
Bathrooms3
Half Baths1
Floor Space2802 Square Feet
Lot Size0.85 Acres
WaterfrontNo
Year Built1999
Taxes $5,973
Tax Year2023
MLS® #10314447

Attention Investors! Here's a golden opportunity—a 0.85-acre property with Development Permits for 20 lake-view townhouses, along with valuable city DCC credits earmarked for road frontage enhancements. Everything is set for a savvy investor to step in and capitalize. Not keen on townhouses? No worries! The Official Community Plan (OCP) designates this land as MDR, Medium Density Residential. Furthermore, the $3,500 monthly rent from this well-maintained house can offset mortgage expenses. The location couldn't be better. Within a 5-minute drive, you'll find yourself at the beach or the shopping center. And in just 10 minutes, you can be indulging in the wines of the Okanagan. Situated adjacent to the new and burgeoning community Shorerise, this spot is becoming one of the most sought-after in West Kelowna. Don't delay—seize this promising opportunity today!

Listed by LABOUTIQUE REALTY (KELOWNA)

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