$2,488,000
STRATEGIC LAND ASSEMBLY OPPORTUNITY IN KELOWNA'S KLO CORRIDOR Rare opportunity to acquire a strategically positioned parcel within a three- or four-property land assembly located in Kelowna's rapidly evolving KLO Road corridor. Situated within a designated Transit Supportive Corridor, 1220 KLO Road forms part of a broader redevelopment opportunity that includes neighbouring properties with Council-approved MF3 rezonings. City planning discussions have indicated support for extending a similar redevelopment framework across the balance of the assembly (buyer to independently verify). A preliminary concept package is available outlining a potential six-storey, 79-unit multi-family development currently achieving approximately 2.05 FAR, with potential for increased density through available incentives and design optimization (buyer to verify) up to a 2.305 FAR. The vendor's pricing objective is based on $79 per buildable square foot, calculated on approved density achieved through the development process. The advertised list price should be considered indicative only and subject to adjustment based on final approved buildable area. location - The assembly benefits from proximity to transit, schools, shopping, employment centres, parks, and major transportation routes. Serious developer inquiries only. Preliminary concepts and assembly information available upon request. (id:64133)
-
Property Details
MLS® Number 10392834 Property Type Single Family Neigbourhood Kelowna South -
Building
Bathroom Total 2 Bedrooms Total 1 Architectural Style Contemporary Constructed Date 1968 Construction Style Attachment Detached Cooling Type Central Air Conditioning Heating Type Baseboard Heaters Stories Total 1 Size Interior 1,187 Sqft Type House Utility Water Municipal Water Parking
Carport -
Land
Acreage No Sewer Municipal Sewage System Size Irregular 0.36 Size Total 0.36 Ac|under 1 Acre Size Total Text 0.36 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Main Level Primary Bedroom 10' x 14' Main Level Full Bathroom 10' x 5' Main Level Kitchen 14' x 10' Main Level Full Bathroom 12' x 10' Main Level Living Room 14' x 10'
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
Your Favourites
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 31 2026 06:21:41
Association of Interior REALTORS®
