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585 Sherwood Road, Kelowna

Property Description

Great opportunity to acquire a centrally located residence in the desirable lower mission area of Kelowna! This four bedroom 1400+ sq.ft. home, with a layout all on one level as a rancher, would be perfect for a family or even somebody looking at downsizing in an area with great distance to all amenities. The home has some great renovations, including the kitchen, bathrooms, etc. Even better, there is a detached studio unit with a kitchenette and 3-pce bathroom which makes for a great mortgage helper, spot for guests, etc. With walking distances to schools, the water, and commercial amenities, this is why everyone wants to live in the Lower Mission. The cherry on top is the long term value potential: 0.34 acre lot (14,810.40 sq.ft.), with approximately 86' of frontage, 109' of depth (at its shortest, 130' at longest). With new provincial rules coming into effect, this is a great opportunity to get a four/six unit (check regulations) development site in the Lower Mission. Neighbors are willing to sell to create a corner lot onto Lakeshore Road w/ a total land size of 0.918 acres across 3 titles, making this a prominent development site with existing road upgrades already in place on Lakeshore Road and a proven townhome development across the street on Sherwood. Either spend more money to get a small laneway home on 0.17 acres, or take advantage of getting 2x the land with this property in an arguably better location of the Lower Mission. (id:43014)

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Full Address:
585 Sherwood Road, Kelowna, British Columbia
Price:
$ 1,050,000
MLS Number:
10326337
List Date:
October 17th, 2024
Neighbourhood:
Lower Mission
Lot Size:
0.34 ac
Year Built:
1976
Taxes:
$ 4,086

Property Details

Bedrooms:
4
Bathrooms:
2
Heating:
Forced air, See remarks

Interior Features

Architectural Style:
Other
Storeys:
1
Sewer:
Municipal sewage system
Water:
None
Roof:
Tar & gravel, Unknown
Zoning:
Unknown
Garage:
Attached Garage
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 4,086

Building Features

Finished Area:
1426 sq.ft.

Floors

Lot Size:
0.34 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Scott MarshallOffice: Sotheby's International Realty Canada

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Great opportunity to acquire a centrally located residence in the desirable lower mission area of Kelowna! This four bedroom 1400+ sq.ft. home, with a layout all on one level as a rancher, would be perfect for a family or even somebody looking at downsizing in an area with great distance to all amenities. The home […]
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585 Sherwood Road, Kelowna

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Lower Mission

Lower Mission real estate is considered by many to be the gem of Kelowna. Located on the east side of the Okanagan Lake, just south of Kelowna's downtown. This desirable area is home to some of Kelowna's best beaches, as well as many boutiques, cafes, banks, and medical offices. In the heart of the Lower Mission you'll find Pandosy Village: an area peppered with family run businesses and noticeably void of big box chain stores. The residential real estate market in the Lower Mission offers something for everyone, from town homes, condos, vacation rentals, gated communities, family homes, to luxurious multi-million dollar lakefront homes.

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