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View All
Description
INVESTOR AND DEVELOPER ALERT! 8 Lot, 1.208 Total Acres Land Assembly with MF4 Zoning, in the Transit Oriented Area, on the Transit Corridor. Allows for Commercial Retail Units on the ground level. Offering an aggregate sale price $14,626,000. All buildings within a 400 meter radius of the Kelowna General Hospital, measured from the epicenter, located at the center of Pandosy St and the causeway that goes across Pandosy St, are eligible for 6 storey apartments. Maximum Base Density is 2.5 FAR, with 0.3 FAR bonus available for purpose built rental or affordable housing. Maximum Site Coverage for all buildings is 65% coverage. Must be sold in Land Assembly with 2237 Richter St, 2243 Richter St, 2253 Richter St, 2265 Richter St, 2277 Richter St, 2287 Richter St, 706 Rose Ave. (id:15472)
Additional Information
Location
Land
Building
Financial
Sales Data
Mortgage Calculator
CityKelowna
ProvinceBritish Columbia
PostalCodeV1Y2N9
CountryCanada
NeighbourhoodKelowna South
Street Address2257 Richter Street
Property TypeVacant Land
Transaction TypeFor sale
Ownership TypeStrata
MLS #10317117
Size Total0.11 ac|under 1 acre
AcreageNo
Current UseDevelopment residential
SewerMunicipal sewage system
Size Irregular0.11
Zoning TypeUnknown
Property TypeVacant Land
Road TypePaved road
TypeOther
Utility WaterMunicipal water
Fireplace PresentFalse
Price1359000.00
Listing Contract Date2024-06-15
Lease0.00
Maintenance Fee0.00
Maintenance Fee Payment UnitMonthly
Register with Klein to view Sales Data
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Imagine trying to assemble different parcels of land into one piece - it's kind of like snapping building blocks. Except that we are talking about something people deeply value and cherish - their land. Due to their very nature, land assemblies require long timeframes to complete and can be very time-consuming. Often it is not […]
How To Maximize Value in a Land Assembly Land assemblies involve the selling of unique properties in a single transaction to maximize value in a situation that would otherwise not happen. They require longer time frames to complete and are very complex - mostly this is due to the alignment of ownership expectations and sourcing […]
A Guide to Land Assembly in Vancouver As one of the most popular and densely populated cities in Canada, Vancouver is continuously experiencing growth and expansion. This growth has led to an increase in demand for land, leading to land assembly becoming a popular method for developers to acquire large plots of land in the […]
Western Investor - Chilliwack 2.4-acre industrial site sells for $5.5 million
July 23, 2021
Considered a record per-acre price for Chilliwack industrial, the site is zoned for service industrial on Progress Way. Property: Industrial Location: 44394 Progress Way, Chilliwack Size of property: 6,700 square feet (2 buildings) Size of land: 2.5 acres Zoning: M-I Industrial Sale price: $5.5 million Date of sale: March 31, 2021 Brokerage: Klein Group – […]
