$1,875,000
Exceptional land assembly opportunity in the heart of Kelowna’s Pandosy Urban Centre, encompassing 2815 Richter Street, 731 & 721 Raymer Avenue. Together, these parcels form a substantial development site within the UC5 zoning, a designation that supports vibrant mixed-use residential and commercial development in one of the city’s most desirable growth corridors. The UC5 zone allows for up to 6 storeys of height, 2.05 FAR base density, and an additional bonus density up to 2.35 FAR when delivering purpose-built rental or attainable housing—unlocking significant build potential. Buyer to verify with city. This flexible zoning supports apartments, townhomes, and mixed-use forms, ideally suited for transit-oriented development within walking distance to Kelowna General Hospital, Okanagan College, and Pandosy Village shops, cafes, and restaurants. The site’s strategic location places future residents minutes from the Lake Okanagan waterfront, Gyro Beach, top-rated schools, and major transit routes—making it a rare opportunity for developers seeking high-demand infill in a dynamic, amenity-rich district. All three properties must be sold together with total asking price of $5 Million. (id:64133)
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Property Details
MLS® Number 10385424 Property Type Single Family Neigbourhood Kelowna South -
Building
Bathroom Total 3 Bedrooms Total 4 Basement Type Full Constructed Date 1972 Construction Style Attachment Detached Cooling Type Central Air Conditioning Exterior Finish Other Fireplace Fuel Wood Fireplace Present Yes Fireplace Total 2 Fireplace Type Conventional Flooring Type Mixed Flooring Heating Type See Remarks Roof Material Asphalt Shingle Roof Style Unknown Stories Total 2 Size Interior 1,296 Sqft Type House Utility Water Municipal Water -
Land
Acreage No Sewer Municipal Sewage System Size Irregular 0.16 Size Total 0.16 Ac|under 1 Acre Size Total Text 0.16 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Basement 3pc Bathroom Measurements not available Basement 3pc Bathroom Measurements not available Basement 3pc Bathroom Measurements not available Basement Kitchen 15' x 11' Basement Bedroom 13' x 11' Basement Family Room 18' x 12' Basement Bedroom 13' x 11' Main Level Kitchen 17' x 11' Main Level Living Room 18' x 12' Main Level Bedroom 13' x 9'6'' Main Level Primary Bedroom 13' x 11' Main Level Dining Room 24' x 12'
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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April 29 2026 10:59:32
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