Property Description
PRIME DEVELOPMENT OPPORTUNITY! Centrally located FREEHOLD property in a highly sought-after area. Recently rezoned under the new Official Community Plan (OCP) as ""Westbank Urban Centre – Commercial Core Area B,"" allowing for high-density development with mid-rise to high-rise potential of up to 15 storeys. West Kelowna encourages urban centre builds, allowing for commercial use on the first two stories—perfect for mixed-use development. The second story and above will offer breathtaking lake, valley, and mountain views, adding significant value to any project. This corner lot spans 0.21 acres with 11,000 buildable square feet, featuring a large, fenced, and private yard. A lane along the side provides two access points, making it an ideal site for multi-family development or a six-plex. With a FAR of 1.2—significantly higher than Kelowna’s 0.08—this property offers excellent build potential. In the meantime, the existing home is well-suited for rental income, located just minutes from shopping, the lake, parks, recreation facilities, top schools, and on a major transit route. (id:6770)
Overview
Price
$
799,000
MLS #
10361981
Age
1968
Size
1961 sqft
Lot Size
0.21
acres
Bedrooms
3
Bathrooms
1
Cooling
Central air conditioning
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Single Family
Zoning Type
Unknown
Stories
1
Listing Office
Macdonald Realty
Basement
Den
11'6'' x 16'4''
Bedroom
10'8'' x 12'4''
Main level
Bedroom
10' x 9'
Full bathroom
5' x 8'
Primary Bedroom
13'3'' x 11'6''
Kitchen
10' x 8'
Dining room
8'4'' x 12'6''
Living room
23'6'' x 16'
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