$925,000

3183 Beaver Lake Road, Lake Country

Lake Country South West, Lake Country, BC V4V1S6

Single-family home

Listed by Royal LePage Kelowna

About this property

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:67417)

Property details

Price

$925,000

MLS® number

10372855

Property type

Single-family home · Residential Commercial Mix · Other

Lot size

0.21 acres · 0.21

Frontage

70 feet

Parking spaces

1

Community

Lake Country South West, Lake Country

Features

Heating

See remarks

Parking

Attached Garage

Roof

Asphalt shingle, Unknown

Exterior

Vinyl siding

Community

High Traffic Area

Water

Municipal water

Fencing

Fence

View on map