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 by blending neighbouring properties 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 by blending neighbouring properties. •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 https://drive.google.com/file/d/1nnRRM1iGSNHbZ5zrNUv8SJ7qGVlfjmDq/view (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
3
Lot
50 x 0 ft
Features
Central island
Listing Contract Date
2024-05-21
Municipal ID
009-159-592
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Single Family
Transaction Type
For sale
Zoning
Multi-Family
Building
Basement Type
Crawl space
Constructed Date
1964
Construction Style (Attachment)
Detached
Cooling Type
Heat Pump
Exterior Finish
Vinyl siding
Fireplace Fuel
Gas
Fireplace Present
Yes
Fireplace Type
Unknown
Flooring Type
Carpeted, Hardwood
# of Half Bathrooms
1
Heating Type
Heat Pump, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Den
Second level
13'4'' x 6'4''
4pc Ensuite bath
Second level
9'9'' x 9'6''
Primary Bedroom
Second level
14'7'' x 16'6''
Dining nook
Main level
10'2'' x 8'
Laundry room
Main level
14'2'' x 6'5''
Partial bathroom
Main level
5' x 4'6''
Full bathroom
Main level
6'3'' x 7'7''
Bedroom
Main level
11'2'' x 9'5''
Bedroom
Main level
10' x 11'2''
Family room
Main level
16'6'' x 13'
Kitchen
Main level
13'6'' x 14'
Dining room
Main level
10' x 8'5''
Living room
Main level
21'6'' x 13'2''
Parking Spaces
Name
Spaces
See Remarks
Land
Total Size
0.18 acres
Fence Type
Fence
Landscape Features
Underground sprinkler
Sewer
Municipal sewage system
Size of Irregular Land
0.18
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