$1,750,000

11506 Turtle Bay Court, Lake Country

Lake Country East / Oyama, Lake Country, BC V4V1X9

5 bd · 4 ba · 2,528 sq ft · Single-family home

Listed by Sotheby's International Realty Canada

About this property

Prime Development Opportunity – Boutique Hotel Site. Exceptional chance to acquire a fully rezoned (C9A Tourist Commercial) 0.62-acre corner lot in the heart of Lake Country, offering outstanding exposure with approximately 110 feet of frontage on Turtle Bay Court, 100 feet on Seymour Road, and 253 feet along Woodsdale Road, a prime corridor in this rapidly growing community. A completed feasibility study and renderings are available for a proposed four-storey, 28-unit boutique hotel, featuring a well-balanced unit mix of studio, one-bedroom, and two- bedroom suites, along with 28 open parking stalls. There is additional upside potential with the possibility to expand to six storeys, subject to variance and design modifications. The property is currently improved with a well-maintained 2,528 square foot home built in 1994, offering five bedrooms, four bathrooms, and a legal two-bedroom suite, providing excellent holding income potential. Ideally situated near Wood Lake and Kalamalka Lake with convenient access to Kelowna International Airport, UBC Okanagan, and key transportation routes, this location is well-positioned to support tourism and short-term accommodation demand, an area currently undersupplied in the region. Surrounded by ongoing multi-family development and a planned senior care facility next door, the neighbourhood is poised for significant growth. Zoning allows for a wide range of uses including hotels or motels, breweries and distilleries, food establishments, liquor stores, indoor recreation and entertainment, with secondary uses such as offices, personal services, and retail, making this a rare and versatile development opportunity in one of the Okanagan’s fastest-growing markets (id:67417)

Property details

Price

$1,750,000

MLS® number

10401668

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

5

Bathrooms

4

Living area

2,528 sq ft

Lot size

0.62 acres · 0.62

Frontage

110 feet

Year built

1993

Storeys

2

Parking spaces

12

Annual taxes

$5,650

Community

Lake Country East / Oyama, Lake Country

Features

Style

Other

Heating

Forced air, See remarks

Cooling

Central air conditioning

Parking

Attached Garage, RV, Additional Parking

View

View (panoramic)

Roof

Asphalt shingle, Unknown

Exterior

Brick, Vinyl siding

Lot

Cul-de-sac, Level lot, Corner Site

Water

Well

Sewer

Municipal sewage system

Fencing

Fence

Rooms

Level	Room	Size
Second level	Bedroom	8'9'' x 15'2''
Second level	Bedroom	9'1'' x 11'8''
Second level	4pc Ensuite bath	4'11'' x 7'6''
Second level	Primary Bedroom	11'1'' x 15'1''
Second level	5pc Bathroom	7'6'' x 11'8''
Second level	Living room	12'10'' x 14'6''
Second level	Kitchen	12'4'' x 10'3''
Second level	Dining room	12'11'' x 9'5''
Second level	Dining room	10'5'' x 13'3''
Main level	Utility room	6'6'' x 5'11''
Main level	Bedroom	8'7'' x 11'4''
Main level	3pc Ensuite bath	6'8'' x 5'0''
Main level	Primary Bedroom	11'9'' x 15'0''
Main level	4pc Bathroom	7'10'' x 11'4''
Main level	Kitchen	12'10'' x 12'1''
Main level	Dining room	12'0'' x 11'9''
Main level	Living room	12'10'' x 16'1''

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