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585 Sherwood Road | $1,050,000
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

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Address 585 Sherwood Road
AreaCentral Okanagan
Sub AreaLM - Lower Mission
State/ProvinceBritish Columbia
CountryCanada
Price$1,050,000
Property TypeSingle Family - Detached
Bedrooms4
Bathrooms2
Half Baths0
Floor Space1426 Square Feet
Lot Size0.34 Acres
WaterfrontNo
Year Built1976
Taxes $4,086
Tax Year2023
MLS® #10326337

Great opportunity to acquire a centrally located residence in the desirable lower mission area of Kelowna! This four bedroom 1400+ sq.ft. home, with a layout all on one level as a rancher, would be perfect for a family or even somebody looking at downsizing in an area with great distance to all amenities. The home has some great renovations, including the kitchen, bathrooms, etc. Even better, there is a detached studio unit with a kitchenette and 3-pce bathroom which makes for a great mortgage helper, spot for guests, etc. With walking distances to schools, the water, and commercial amenities, this is why everyone wants to live in the Lower Mission. The cherry on top is the long term value potential: 0.34 acre lot (14,810.40 sq.ft.), with approximately 86' of frontage, 109' of depth (at its shortest, 130' at longest). With new provincial rules coming into effect, this is a great opportunity to get a four/six unit (check regulations) development site in the Lower Mission. Neighbors are willing to sell to create a corner lot onto Lakeshore Road w/ a total land size of 0.918 acres across 3 titles, making this a prominent development site with existing road upgrades already in place on Lakeshore Road and a proven townhome development across the street on Sherwood. Either spend more money to get a small laneway home on 0.17 acres, or take advantage of getting 2x the land with this property in an arguably better location of the Lower Mission.

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

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