ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Lot
83 x 0 ft
Amenities Nearby
Public Transit, Schools, Shopping
Community Features
Family Oriented
Features
Level lot, See remarks
Listing Contract Date
2024-10-07
Municipal ID
003-354-407
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Appliances
Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer
Architectural Style
Bungalow
Basement Type
Full
Constructed Date
1959
Construction Style (Attachment)
Detached
Exterior Finish
Stucco
Fire Protection
Smoke Detector Only
Fireplace Fuel
Unknown
Fireplace Present
Yes
Fireplace Type
Decorative
Flooring Type
Carpeted, Laminate, Linoleum
Heating Fuel
Electric
Heating Type
Baseboard heaters
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Storage
Basement
6'0'' x 7'0''
Family room
Basement
21'0'' x 11'0''
Full bathroom
Main level
Measurements not available
Bedroom
Main level
9'0'' x 11'0''
Primary Bedroom
Main level
10'5'' x 12'0''
Kitchen
Main level
9'5'' x 9'5''
Dining room
Main level
10'5'' x 9'5''
Living room
Main level
17'5'' x 11'5''
Full bathroom
Additional Accommodation
Measurements not available
Bedroom
Additional Accommodation
9'0'' x 10'5''
Kitchen
Additional Accommodation
10'0'' x 11'0''
Parking Spaces
Name
Spaces
See Remarks
Land
Total Size
0.23 acres
Access Type
Easy access
Amenities
Public Transit, Schools, Shopping
Fence Type
Fence
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
0.23
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