$2,499,000

11530 Turtle Bay Court, Lake Country

Lake Country East / Oyama, Lake Country, BC V4V1X9

Lot / land

Listed by eXp Realty (Kelowna)

About this property

Re-zoned and ready to develop! APPROVED DEVELOPMENT PERMIT in place with plans for a 36 UNIT, 2-storey boutique Long term care facility! RARE opportunity- Lake Country’s growing population and no long term care facility make this a high-demand, high-impact project with strong future returns. Full architectural plans and exterior renderings available. All the heavy lifting has been done to get this ready for development. Building Covenants removed, phase 1 Environmental assessment done, rezoned for P2 zoning offers multiple options, i.e. medical treatment services, health services, care centers, food or liquor primary establishments etc. FAR of 2, with 50% site coverage. Situated on 0.61 acres in a prime location in Lake Country, close to Turtle Bay, Wood Lake, 12 min to the airport. Existing house in great shape for rental income of approx. $3000/m, until you start developing the land. Home has 3 bedrooms & 3 bathrooms, 2000 sq. ft. rancher with shed and lots of parking. Everything is ready for a savvy investor/group to step in and capitalize on this property with projected income available. Call Stephanie for full details and income projections. Easy to show. (id:67417)

Property details

Price

$2,499,000

MLS® number

10385448

Property type

Lot / land · Other · Vacant Land

Ownership

Freehold

Lot size

0.61 acres · 0.61

Annual taxes

$5,628

Community

Lake Country East / Oyama, Lake Country

Features

Water

Well

Sewer

Municipal sewage system

Utilities

Cable

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