Prime development parcel in the evolving Capri neighborhood, ideally positioned for a visionary developer. This 0.21-acre site, with the potential for more homes to join in has a 2,364 Sq ft, 5-bedroom house featuring a 1-bedroom suite, offers a unique investment opportunity. The area is transitioning from single-family to multi-family residences, with the Official Community Plan supporting constructions up to 6 storeys. Zoned UC2, it allows a base FAR of 1.8, with potential bonuses up to 2.35, perfect for a substantial project. Located on Sutherland Ave, merely steps away from the Capri Shopping Centre, this property guarantees unmatched convenience with shops, dining, and services a short walk away. Adding to its appeal is a transit stop directly in front, which aligns with potential for higher density with the provincial/City bylaw changes in response SSMUH legislation. This lot represents a strategic investment for those looking to capitalize on Kelowna's growth, offering both a solid holding property and a future development goldmine. (id:47421)
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Detailed Information
Bedrooms
1
Lot
75 x 0 ft
Total Area
2,364 ft2
Community Features
Pets Allowed, Rentals Allowed
Listing Contract Date
2023-06-14
Municipal ID
009-696-296
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1960
Construction Style (Attachment)
Detached
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Living room
Main level
1'0'' x 1'0''
Kitchen
Main level
1'0'' x 1'0''
Primary Bedroom
Main level
1'0'' x 1'0''
Land
Total Size
0.21 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.21
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