Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna’s most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today’s rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna’s fastest-growing urban pockets. Whether you’re an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living. (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Lot
56 x 0 ft
Amenities Nearby
Public Transit, Park, Recreation, Schools, Shopping
Community Features
Rentals Allowed
Features
Level lot, Corner Site
Listing Contract Date
2025-12-08
Municipal ID
001-454-552
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Transaction Type
For sale
Building
Architectural Style
Ranch
Constructed Date
1948
Construction Style (Attachment)
Detached
Exterior Finish
Vinyl siding
Flooring Type
Laminate
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
Family room
Main level
9'9'' x 15'6''
Laundry room
Main level
7'0'' x 6'0''
3pc Bathroom
Main level
5'6'' x 6'5''
Bedroom
Main level
8'0'' x 9'5''
Bedroom
Main level
9'6'' x 13'0''
4pc Bathroom
Main level
8'0'' x 8'4''
Primary Bedroom
Main level
14'0'' x 11'3''
Den
Main level
11'0'' x 15'4''
Living room
Main level
11'0'' x 14'9''
Dining room
Main level
8'9'' x 11'8''
Kitchen
Main level
7'8'' x 9'6''
Land
Total Size
0.16 acres
Amenities
Public Transit, Park, Recreation, Schools, Shopping
Fence Type
Fence
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
0.16
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