Don't miss this incredible opportunity! This walkout lot with a full daylight basement is part of a brand-new bare-land strata development, offering the chance to build a spacious 3-storey single-family home with a self-contained 2-bedroom suite. The walkout lots allow for a 2-3 storey build, and current concept designs suggest a 3-storey option for the most functional layout, featuring 3 bedrooms + den + 3 bath and a well-designed suite. This is a fantastic opportunity for investors looking to maximize rental income and secure higher financing. A 2-bedroom suite could bring in $1,800-$2,000 per month, and mortgage brokers can use the service debt ratio to help increase your allowable loan amount based on rental income. And the location? It’s unbeatable! Just a 10-minute walk to Okanagan Lake, directly across from Marshall Fields, and within walking distance to both the elementary and high schools—making it an ideal spot for young families. Plus, with affordable strata fees of only $22.64 per month, this is a fantastic value! Options to bring your own builder or use ours. (id:47421)
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Detailed Information
Lot
38 x 0 ft
Amenities Nearby
Golf Nearby, Public Transit, Park, Recreation, Schools
Community Features
Pets Allowed, Rentals Allowed
Features
Level lot, Sloping
Listing Contract Date
2025-02-21
Maintenance Fee Payment Frequency
Monthly
Maintenance Fee Type
Other, See Remarks, Waste Removal
Municipal ID
032-344-228
Ownership Type
Strata
Property Type
Vacant Land
Road
Paved road
Transaction Type
For sale
Views
Mountain view, View (panoramic)
Zoning
Single family dwelling
Building
Type
Other
Utility Water
Municipal water
Utilities
Type
Description
Cable
At Lot Line
Electricity
Available
Natural Gas
At Lot Line
Telephone
At Lot Line
Sewer
Available
Water
At Lot Line
Land
Total Size
0.08 acres
Access Type
Easy access
Amenities
Golf Nearby, Public Transit, Park, Recreation, Schools
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