Address
2876 Appaloosa Road,, Kelowna - BC, BC
Price
$ 3,900,000
Property Attributes
  • ID#10256869
  • TypeFarm
  • CityKelowna - BC
  • NeighbourhoodNorth Glenmore
  • Postal CodeV1V 2G8
  • Style
  • Price$ 3,900,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Data Source:
RLP - CREA EN
Property Description

HIGH DEMAND, POTENTIAL INDUSTRIAL LAND IN THE APPALOOSA/SEXSMITH AREA OF KELOWNA Asking: $3.9 million (under $2.3 million per acre!) Rarely available 1.75-acre property currently zoned A1 with potential to rezone to I2 General Industrial. City of Kelowna has currently designated this property IND Industrial in the 2040 OCP. Service upgrades to the Appaloosa/Sexsmith area are already underway but have not yet been approved for 2876 Appaloosa. The seller is involved in starting a rezoning application to I2 - General Industrial with 4 neighbouring properties. Buyers are encouraged to verify if an estimate of $300,000 for servicing/rezoning and an additional $300,000 for site leveling/lock block retaining walls are reasonable estimates for their development plans. The property at 2876 Appaloosa Rd is well positioned to benefit from the draft 2022 City of Kelowna Zoning Bylaws, which currently designates I2 zoning allowing for a maximum site coverage of all buildings to 60%, max. base density (FAR) 1.5 and a max. base height up to 16 m. This is an outstanding industrial redevelopment site. The current single-family home rents for $3800 per month and can provide holding income until the property is redeveloped. (id:27)

General Features

Current Use Agriculture - active
Farm Type Unknown
Listing Type Farm
More Information Link https://www.realtor.ca/real-estate/24589416/2876-appaloosa-road-kelowna-bc-north-glenmore
Neighbourhood North Glenmore
Property Type Agriculture
Terms SALE
Zoning Type Agricultural

Exterior Features

Jumpid 18019385
Listing Type French Ferme
Mls 10256869

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Farm Average in V1V 2G8

Price
AVG $3.9M
$3.9M
Visits
AVG 2
2