Unlock a prime development opportunity in the heart of Lake Country's Town Centre! This property has C1 zoning, aligning with the Official Community Plan's vision for mixed-use residential development. Planning officials have indicated that rezoning applications are discouraged, affirming the current zoning's strategic value. Development Highlights: Zoning Alignment: C1 zoning is in place, supporting mixed-use residential projects in line with the OCP. Incentive Potential: Potential qualification for Main Street tax and usage (density) incentives. Rental Tax Exemption: Possible eligibility for the Lake Country rental tax exemption bylaw, offering a 10-year property tax reduction for purpose-built rentals with a 10-year covenant. Town Centre Location: Situated within the Town Centre, requiring adherence to future form and character requirements during development application. Diverse Usage: Nearly 50 approved usages under the current zoning. Preferred Development: The planner suggests a mixed-use approach with grade-level service and amenity commercial units, topped with residential space. Development Capacity: Potential for a 6-story or 22m development as mixed-use commercial, contingent on meeting density bonuses and supported by the Town Centre designation. This is a chance to invest in a property with substantial development potential and attractive local incentives. Contact us today to explore the possibilities and take the first step towards your next successful project (id:13843)
| MLS # | 10372855 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 286 |
| Listing Provided By | Royal LePage Kelowna | Simon Ward |
| Garage | 1 |
|---|---|
| Acreage | 0.21 |
| Heating | See remarks |
|---|---|
| Fireplace Yes / No | No |
| Roof | Asphalt shingle, Unknown |
|---|---|
| Fencing | Fence |
| Parking Features | Attached Garage |
|---|---|
| Parking Total | 1 |
| Water Source | Municipal water |
|---|
| Province | BC |
|---|---|
| City | Lake Country |
| Postal Code | V4V1S6 |
| Listing VS Median (in V4V1S6) | |
Price: $925,000 low | high Med: $1,799,999 On site: 286 low | high Med: 167.5 | |
| Province | BC |
|---|---|
| City | Lake Country |
| Postal Code | V4V1S6 |
| Listing VS Median (in V4V1S6) | |
Price: $925,000 low | high Med: $1,799,999 On site: 286 low | high Med: 167.5 | |