$1,888,000
ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:59282)
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Property Details
MLS® Number 10325846 Property Type Single Family Neigbourhood Springfield/Spall AmenitiesNearBy Public Transit, Schools, Shopping CommunityFeatures Family Oriented Features Level Lot, See Remarks ParkingSpaceTotal 6 -
Building
BathroomTotal 2 BedroomsTotal 3 Appliances Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer ArchitecturalStyle Bungalow BasementType Full ConstructedDate 1959 ConstructionStyleAttachment Detached ExteriorFinish Stucco FireProtection Smoke Detector Only FireplaceFuel Unknown FireplacePresent Yes FireplaceType Decorative FlooringType Carpeted, Laminate, Linoleum HeatingFuel Electric HeatingType Baseboard Heaters RoofMaterial Asphalt Shingle RoofStyle Unknown StoriesTotal 1 SizeInterior 1840 Sqft Type House UtilityWater Municipal Water Parking
See Remarks -
Land
AccessType Easy Access Acreage No FenceType Fence LandAmenities Public Transit, Schools, Shopping LandscapeFeatures Level Sewer Municipal Sewage System SizeFrontage 83 Ft SizeIrregular 0.23 SizeTotal 0.23 Ac|under 1 Acre SizeTotalText 0.23 Ac|under 1 Acre ZoningType Unknown -
Rooms
Level Type Length Width Dimensions Basement Storage 6'0'' x 7'0'' Basement Family Room 21'0'' x 11'0'' Main Level Full Bathroom Measurements not available Main Level Bedroom 9'0'' x 11'0'' Main Level Primary Bedroom 10'5'' x 12'0'' Main Level Kitchen 9'5'' x 9'5'' Main Level Dining Room 10'5'' x 9'5'' Main Level Living Room 17'5'' x 11'5'' Additional Accommodation Full Bathroom Measurements not available Additional Accommodation Bedroom 9'0'' x 10'5'' Additional Accommodation Kitchen 10'0'' x 11'0''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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October 08 2024 11:41:33
Okanagan-Mainline Real Estate Board
Royal LePage Kelowna
