Prime development opportunity on a flat 1.6 acre site designated for up to six storeys. The existing 20 two-storey two-bedroom townhomes provide potential for strong holding income. Each Strata has one Common Property building on-site. Centrally located one block from Okanagan Lake and a variety of urban amenities, the subject property is located within the Pandosy Urban Centre (UC5), an established community centered along Pandosy Street and Lakeshore Road in the Lower Mission area of Kelowna. This location is a short walk to beaches and parks of Okanagan Lake and steps away from shopping and amenities on Lakeshore Drive. Supporting desirability of the area, several schools dot the neighbourhood anchored by Okanagan College campus.