$2,600,000
MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is a significant increase in the overall development area to 0.98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 3080 Holland Road, and 3090 Holland Road, as a land assembly. (id:64133)
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Property Details
MLS® Number 10386481 Property Type Single Family Neigbourhood Kelowna South AmenitiesNearBy Public Transit, Park, Recreation, Schools, Shopping Features Level Lot ParkingSpaceTotal 2 -
Building
Bathroom Total 3 Bedrooms Total 5 Architectural Style Multi-level Constructed Date 1968 Construction Style Attachment Detached Construction Style Split Level Other Cooling Type See Remarks Exterior Finish Stucco Heating Fuel Electric Roof Material Asphalt Shingle Roof Style Unknown Stories Total 2 Size Interior 1,778 Sqft Type House Utility Water Municipal Water Parking
Attached Garage 2 -
Land
Acreage No Land Amenities Public Transit, Park, Recreation, Schools, Shopping Landscape Features Level Sewer Municipal Sewage System Size Frontage 134 Ft Size Irregular 0.31 Size Total 0.31 Ac|under 1 Acre Size Total Text 0.31 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Second Level Primary Bedroom 11'3'' x 11'2'' Second Level Bedroom 11'9'' x 8'10'' Second Level Bedroom 11'9'' x 9'3'' Second Level 4pc Bathroom 9'3'' x 7'1'' Second Level 2pc Bathroom 6'0'' x 3'2'' Basement Recreation Room 18'5'' x 9'10'' Basement Kitchen 7'10'' x 10'9'' Basement Bedroom 10'9'' x 8'4'' Basement Bedroom 10'4'' x 8'3'' Basement 4pc Bathroom 7'4'' x 4'5'' Main Level Storage 3'3'' x 7'4'' Main Level Living Room 13'8'' x 16'2'' Main Level Laundry Room 8'11'' x 5'11'' Main Level Kitchen 11'5'' x 8'7'' Main Level Dining Room 11'5'' x 9'1''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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May 14 2026 06:59:39
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