2591 Highway 97 N & 360 Mills Road, Kelowna

$4,300,000SOLD

OPPORTUNITY

“Vecchio’s Corner” was originally purchased by Al and Ida Vecchio in 1960, starting with one single family home. They gradually developed the property, adding a duplex structure every few years, operating the property as a reasonably priced, long term rental for young people starting out. This offering includes title to both the Highway 97 and Mills road parcels.

LOCATION

Surrounded by a mix of new hotels, retail shopping, business strata units and residential, with access from north and south bound Highway 97 traffic plus Mills Road looping back to Highway 33. The area has seen significant improvement over the last 5 years including the widening of Highway 97 for increased flow and excellent frontage.


2591 Highway 97 N & 360 Mills Road, Kelowna

  • MLS #10226593
  • Lot Size.56 Acre | Zoned RM3 + .6 Acre | Zoned RM3

CIVIC DESCRIPTION

2591 Highway 97 N, Kelowna BC
Plan: KAP80563, Lot: A, DL: 125, Except Plan EPP47105
PID: 026-623-005

PROPERTY DETAILS

314’ of Highway 97 frontage
.56 Acre | Zoned RM3

The property is MRL (Multi-Residential Low Density) however, given that the two properties act as one the City would support a re-zoning of this property to Service Commercial.

CIVIC DESCRIPTION

360 Mills Road, Kelowna, BC
Plan: KAP12523, Lot: 2, DL: 125, LD: 41, Except Plan EPP47106
PID: 009-484-868

PROPERTY DETAILS

135’ of Mills Road frontage
.6 Acre
Zoned RM3

KEY FEATURES

  • Both properties are zoned RM3. Under the current OCP/ Zoning Bylaw the Hwy 97 address has a future land use of SC- Service Commercial which is defined in the OCP as: Service Commercial (SC) Developments for the provision of business support services and other commercial uses requiring extensive on-site storage. Building densities would be consistent with thew provision of the C10 Zone of the Zoning Bylaw. (C10 Zoning attached)
  • Total combined 1.16 acre assembly
  • Level, easy access property
  • All services existing at lot (municipal water/ sewer/ gas/ power)
  • Neighboring businesses include The Oriental Market, Yamato’s Restaurant, Wickerland, Bed Bath and Beyond, Super 8, Microtel, Days Inn, Comfort Suites, plus smaller, commercial businesses