Alton Prec*
#1 - 1890 Cooper Road
Kelowna, BC
Canada V1Y 8B7
Details
Address | 5975 Lefoy Road |
Area | North Okanagan |
Sub Area | VC - City of Vernon |
State/Province | British Columbia |
Country | Canada |
Price | $5,750,000 |
Property Type | Residential Development |
Lot Size | 8.35 Acres |
Waterfront | No |
Taxes | $6,285 |
Tax Year | 2024 |
MLS® # | 10324058 |
This prime 8.4-acre multi-family development site is part of the Anderson Ranch land assembly, ideally situated next to SmartCentres (featuring Walmart, Rona, Best Buy, Tim Hortons, and more) and within walking distance to transit. The property offers lake views from the upper storeys and is bordered by BX Creek, with a planned nature path within the riparian zone. Zoning changes allow for up to 8 storeys with a 3.0 FAR, making it a perfect fit for apartment development. The riparian setback has been reduced from 30m to 15m, optimizing the usable space. With an anticipated density of 1.8 to 2.0 FAR, this site could support up to 400 much-needed rental units. Access is provided via a cul-de-sac on 58 Avenue.
Listed by UNISON HM COMMERCIAL REALTY