Lot 323-24 Spland Road West Kelowna, British Columbia V1Z3Y7

MLS® 10130354
69 unit townhouse development property located only 5 minutes to downtown Kelowna. Level, easy build, 3.35 acre site is situated adjacent to Indigenous World Winery vineyard and bordering Keefe Creek. Proforma financials show a $5.8 million profit with a conservative anticipated sale price of $400,000 per unit unit. Extensive architectural and engineering work has been done and WFN council has approved the Development Permit. The 2 stage permit approval process is complete and the DP will be released as soon as the DCC's are paid. Unique to Canada is a 126 year long, CMHC approved, pre-paid lease. Hydrology report, Geotechnical report, preliminary architectural drawings, landscape design.... hundreds of thousands of dollars has been spent bringing this property to this stage. Property can be built out and financed in 4 phases. Call for more information! Paul Neufeld or Wes Jones with RE/MAX Kelowna NEUFELD JONES MARSHALL; 250-470-1044; paul@neufeldjones.com.