
940 Skyline Road, West Kelowna, BC V1Z1J7
$429,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
90%
Lot Size
0.23 ac
EXCEPTIONAL VALUE – PRICED $70,000 BELOW ASSESSED VALUE! Here is your opportunity to secure a beautiful piece of Lakeview Heights and build the home you've always wanted. Located at 940 Skyline Road, this walk-out building lot offers impressive views of Okanagan Lake, the city skyline and surrounding mountains. One of the biggest advantages? There is no rush to build! Take your time designing, choose your own builder and create a property that suits your needs and lifestyle. With R1 zoning, there are several possibilities to explore, including a rancher with a walk-out basement, a home with a secondary suite, a carriage house or a duplex, with or without suites (subject to City approvals). Whether you're dreaming of a beautiful retirement home, a place for your growing family or a property with added income potential, this lot gives you the opportunity to think outside the box and make it your own. The neighborhood offers an excellent lifestyle, with parks, playgrounds, pickleball and tennis courts, and recreation facilities nearby. Lakeview Village Market is an easy walk for your morning coffee, groceries or a bite to eat. Add in the nearby wineries, marinas, West Kelowna Wine Trail and Okanagan Lake, and you have all the ingredients for Okanagan living. Priced to sell and offering outstanding value in a desirable neighborhood, 940 Skyline Road is an opportunity worth a closer look. GST applicable. (id:66811)
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Monthly debt service
$2K
Projected NOI
$18K
Annual cash flow
$-6K
Cash-on-cash
-4.33%
DSCR
0.77
Going-in cap
4.24%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
136,611
Households
62,352
Median income
$114,500
Median age
35.6
Daytime population
163,330
5-yr growth
1.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 940 Skyline Road, West Kelowna.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.