Unlock a prime development opportunity in the heart of Lake Country's Town Centre! This property has C1 zoning, aligning with the Official Community Plan's vision for mixed-use residential development. Planning officials have indicated that rezoning applications are discouraged, affirming the current zoning's strategic value. Development Highlights: Zoning Alignment: C1 zoning is in place, supporting mixed-use residential projects in line with the OCP. Incentive Potential: Potential qualification for Main Street tax and usage (density) incentives. Rental Tax Exemption: Possible eligibility for the Lake Country rental tax exemption bylaw, offering a 10-year property tax reduction for purpose-built rentals with a 10-year covenant. Town Centre Location: Situated within the Town Centre, requiring adherence to future form and character requirements during development application. Diverse Usage: Nearly 50 approved usages under the current zoning. Preferred Development: The planner suggests a mixed-use approach with grade-level service and amenity commercial units, topped with residential space. Development Capacity: Potential for a 6-story or 22m development as mixed-use commercial, contingent on meeting density bonuses and supported by the Town Centre designation. This is a chance to invest in a property with substantial development potential and attractive local incentives. Contact us today to explore the possibilities and take the first step towards your next successful project (id:44393)
| MLS® Number | 10352335 |
| Property Type | Other |
| Neigbourhood | Lake Country East / Oyama |
| Amenities Near By | Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Community Features | Family Oriented |
| Features | Level Lot |
| Parking Space Total | 7 |
| Cooling Type | Central Air Conditioning |
| Heating Type | See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Additional Parking | |
| Attached Garage | 5 |
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Mixed Use |
| Fence Type | Fence |
| Land Amenities | Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Landscape Features | Landscaped, Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 70 Ft |
| Size Irregular | 0.21 |
| Size Total | 0.21 Ac|under 1 Acre |
| Size Total Text | 0.21 Ac|under 1 Acre |
| Zoning Type | Unknown |
Contact us for more information
Simon Ward
Personal Real Estate Corporation
(250) 860-1100
(250) 860-0595
royallepagekelowna.com/
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