MF4-zoned redevelopment opportunity located just steps from the lake in the highly desirable Pandosy–Abbott corridor. This property offers exceptional medium- to high-density development potential, including the ability to develop up to 16 townhomes or a four-storey apartment building with approximately 50 units, subject to City approvals. There is also potential to subdivide into two single-family lots, providing multiple exit and development strategies. The site is improved with a well-maintained estate-style rancher, allowing for holding income while redevelopment plans are pursued. The existing improvements include a 3-bedroom, 2-bathroom residence, a double detached garage with studio above suitable for extended family or rental use, and a substantial 28’ x 24’ detached garage/workshop featuring a wash sink, full second level, bonus room, full bathroom, and cabinetry with kitchen sink. The property is fully fenced with private gated access and features mature landscaping, adding value during the holding period. The location benefits from excellent walkability and proximity to the lake, Kelowna General Hospital, shopping, transit, and key amenities. This offering presents a rare opportunity to acquire a strategically located MF4 site with strong density potential, interim income, and long-term redevelopment upside in one of Kelowna’s most sought-after urban neighbourhoods (id:47421)
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Detailed Information
Lot
94 x 0 ft
Amenities Nearby
Park, Recreation, Schools, Shopping
Community Features
Family Oriented
Features
Level lot, Private setting
Listing Contract Date
2026-01-22
Municipal ID
025-102-770
# of Parking Spaces
12
Property Type
Other
Transaction Type
For sale
Building
Cooling Type
Central air conditioning
Exterior Finish
Stucco
Fire Protection
Security system
Heating Fuel
Electric
Heating Type
Baseboard heaters, See remarks
Roof Material
Asphalt shingle,Tile
Roof Style
Unknown,Unknown
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Additional Parking
Detached Garage
2
Land
Total Size
0.44 acres
Access Type
Easy access
Amenities
Park, Recreation, Schools, Shopping
Fence Type
Fence
Landscape Features
Landscaped, Level
Sewer
Municipal sewage system
Size of Irregular Land
0.44
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