1095 Monterey Court | $1,620,000
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ROYAL LEPAGE WESTWIN REALTY
800 Seymour Street
Kamloops, BC
Canada V2C 2H5

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Address 1095 Monterey Court
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$1,620,000
Property TypeResidential Development
Lot Size0.41 Acres
WaterfrontNo
Taxes $6,080
Tax Year2023
MLS® #10303530

0.41 acre (17,860 SF) MF2 zoned development site in the Rutland core area. Well located in a family-friendly neighborhood at the end of a cul-de-sac near Springfield Rd and Rutland Rd South. The property is within walking distance to 3 schools and Mission Creek Regional Park, and close to all major amenities. Property was rezoned to MF2 to accommodate increased density and building height. Due diligence documents available upon a signed NDA include a Phase 1 ESA, Geotech Report, Site Survey, Architectural Plans, Landscape Plans and City of Kelowna Pre-Application Meeting Minutes. Concept is for 9 residential 3-storey townhome units between 2 buildings. All 9 units offer 3 bedrooms, backyard patios, and double garages. Design is well suited for a bare land strata and party-wall agreement (no strata fees for end users). No special Development Permits affect this site. Holding income provided from the existing duplex on site with 3 separate units. Option to acquire the holding company, which can eliminate the Property Transfer Tax. Project conceptualized and designed by an experienced land development consultant with over a decade of experience managing and planning developments, including townhouse sites.


Listed by UNISON HM COMMERCIAL REALTY


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Data Source: Statistics Canada
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