3 Bedrooms

3 Bathrooms

2,120 sqft

$1,199,900

Potential to BUILD A 6 STORY BUILDING with desirable MF4 zoning! Rare opportunity to acquire a prime development property in the heart of South Kelowna. Currently featuring a well-maintained rental house, this expansive property offers immediate rental income while you plan your development. With MF4 zoning that allows for a 6-story building and located in a parking exempt zone, the potential for high returns on investment is immense. Close Proximity to shops, restaurants, services and steps away from the Kelowna General Hospital. Additionally, located within close proximity to Okanagan Lake. Key Features: • Zoning: MF4 zoning ideal for 6 story residential development with minimal parking restrictions • Current Structure: Charming, income-generating house currently leased to reliable tenants for $3,650.00 per month. Casita in backyard which creates the potential for additional square footage and rental income • Location: Situated in a highly desirable area with robust market demand, ensuring strong appreciation potential. • Accessibility: Excellent transport links and proximity to major roads, public transport, shopping centres, schools, and recreational facilities. • Future Development: Perfect canvas for developers looking to build residential apartments, Potential FAR of max 2.8. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10392418
  Property Type	Single Family
  Neigbourhood	Kelowna South
  Features	Central Island
  ParkingSpaceTotal	3

• Building

  Bathroom Total	3
  Bedrooms Total	3
  Basement Type	Crawl Space
  Constructed Date	1964
  Construction Style Attachment	Detached
  Cooling Type	Heat Pump
  Exterior Finish	Vinyl Siding
  Fireplace Fuel	Gas
  Fireplace Present	Yes
  Fireplace Total	1
  Fireplace Type	Unknown
  Flooring Type	Carpeted, Hardwood
  Half Bath Total	1
  Heating Type	Heat Pump, See Remarks
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	2
  Size Interior	2,120 Sqft
  Type	House
  Utility Water	Municipal Water

  Parking

  Additional Parking

• Land

  Acreage	No
  Fence Type	Fence
  Landscape Features	Underground Sprinkler
  Sewer	Municipal Sewage System
  Size Frontage	50 Ft
  Size Irregular	0.18
  Size Total	0.18 Ac|under 1 Acre
  Size Total Text	0.18 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Den			13'4'' x 6'4''
  Second Level	4pc Ensuite Bath			9'9'' x 9'6''
  Second Level	Primary Bedroom			14'7'' x 16'6''
  Main Level	Dining Nook			10'2'' x 8'
  Main Level	Laundry Room			14'2'' x 6'5''
  Main Level	Partial Bathroom			5' x 4'6''
  Main Level	Full Bathroom			6'3'' x 7'7''
  Main Level	Bedroom			11'2'' x 9'5''
  Main Level	Bedroom			10' x 11'2''
  Main Level	Family Room			16'6'' x 13'
  Main Level	Kitchen			13'6'' x 14'
  Main Level	Dining Room			10' x 8'5''
  Main Level	Living Room			21'6'' x 13'2''