Property Description
Potential to BUILD A 6 STORY BUILDING with desirable MF4 zoning! Rare opportunity to acquire a prime development property in the heart of South Kelowna. Currently featuring a well-maintained rental house, this expansive property offers immediate rental income while you plan your development. With MF4 zoning that allows for a 6-story building and located in a parking exempt zone, the potential for high returns on investment is immense. Close Proximity to shops, restaurants, services and steps away from the Kelowna General Hospital. Additionally, located within close proximity to Okanagan Lake. Key Features: • Zoning: MF4 zoning ideal for 6 story residential development with minimal parking restrictions • Current Structure: Charming, income-generating house currently leased to reliable tenants for $3,650.00 per month. Casita in backyard which creates the potential for additional square footage and rental income • Location: Situated in a highly desirable area with robust market demand, ensuring strong appreciation potential. • Accessibility: Excellent transport links and proximity to major roads, public transport, shopping centres, schools, and recreational facilities. • Future Development: Perfect canvas for developers looking to build residential apartments, Potential FAR of max 2.8. (id:6770)
Overview
Price
$
1,199,900
MLS #
10392418
Age
1964
Size
2120 sqft
Lot Size
0.18
acres
Bedrooms
3
Bathrooms
3
Exterior
Vinyl siding
Cooling
Heat Pump
Water
Municipal water
Sewer
Municipal sewage system
Flooring
Carpeted, Hardwood
Property Type
Single Family
Roof
Unknown
Stories
2
Listing Office
Royal LePage Kelowna
Main level
Dining nook
10'2'' x 8'
Laundry room
14'2'' x 6'5''
Partial bathroom
5' x 4'6''
Full bathroom
6'3'' x 7'7''
Bedroom
11'2'' x 9'5''
Bedroom
10' x 11'2''
Family room
16'6'' x 13'
Kitchen
13'6'' x 14'
Dining room
10' x 8'5''
Living room
21'6'' x 13'2''
Second level
Den
13'4'' x 6'4''
4pc Ensuite bath
9'9'' x 9'6''
Primary Bedroom
14'7'' x 16'6''
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