Greg Kilmartin Real Estate Agent
  • 2343 Pandosy Street Kelowna
  • 2343 Pandosy Street Kelowna
  • 2343 Pandosy Street Kelowna

$3,095,000

ID# 10306256

2343 Pandosy Street
Kelowna, British Columbia V1Y1T2

Exciting Opportunity in the new MF4 Zoning! The owner is well into a Development Permit process for a 5-story building and now with new MF4 zoning this can now be mixed use commercial (main floor) and residential of up to 6 stories total, and minimal parking. Permitted density will be 2.5 F.A.R. or 26,853 sqft Very impressive preliminary plans available. Commercial will be permitted on the main floor. Two properties have been amalgamated to one title. The holding period can be profitable with excellent steady monthly income of approximately $10,000 attainable from the International Hostel ($6,000/month) and detached 3+2 bedroom home ($4,000/month). The Hostel can also be operated for much higher income and hostel revenue in the summer months ranges from $25k to $35k. (id:3942)
Courtesy of Royal LePage Kelowna
Listed on: March 06, 2024

On market: 56 days
Half Bathrooms Total 0

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Greg Kilmartin Real Estate Agent

GREG KILMARTIN

SALES REPRESENTATIVE

Office: (250) 860-1100

Royal LePage Kelowna

#1 – 1890 Cooper Road

Kelowna, BC V1Y 8B7

Phone: (250) 860-1100

Toll Free: (800) 421-3214

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