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| 1240 KLO Road Kelowna V1V2V6 |
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| Price : $2,600,000 |
Listing ID : 10386481
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5 
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3 
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| Property Type : Single Family |
Building Type : House |
| Title : Freehold |
Finished Area : 1778 sqft |
| Built in : 1968 |
Total Parking Spaces : 2 |
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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:56537)
Call (250)-864-7337 for showing information. |
| Details |
| Amenities Nearby : Public Transit, Park, Recreation, Schools, Shopping |
Access : - |
Appliances Inc : - |
| Community Features : - |
Features : Level lot |
Structures : - |
| Total Parking Spaces : 2 |
View : - |
Waterfront : - |
| Zoning Type : - |
| Building |
| Architecture Style : Multi-level |
Bathrooms (Partial) : 0 |
Cooling : See Remarks |
| Fire Protection : - |
Fireplace Fuel : - |
Fireplace Type : - |
| Floor Space : - |
Flooring : - |
Foundation Type : - |
| Heating Fuel : Electric |
Heating Type : - |
Roof Style : Unknown |
| Roofing Material : Asphalt shingle |
Sewer : Municipal sewage system |
Utility Water : Municipal water |
| Basement |
| Type : - |
Development : - |
Features : - |
| Land |
| Landscape Features : Level |
| Rooms |
| Level : |
Type : |
Dimensions : |
| Basement |
4pc Bathroom |
7'4'' x 4'5'' |
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Bedroom |
10'4'' x 8'3'' |
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Bedroom |
10'9'' x 8'4'' |
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Kitchen |
7'10'' x 10'9'' |
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Recreation room |
18'5'' x 9'10'' |
| Main level |
Dining room |
11'5'' x 9'1'' |
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Kitchen |
11'5'' x 8'7'' |
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Laundry room |
8'11'' x 5'11'' |
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Living room |
13'8'' x 16'2'' |
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Storage |
3'3'' x 7'4'' |
| Second level |
2pc Bathroom |
6'0'' x 3'2'' |
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4pc Bathroom |
9'3'' x 7'1'' |
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Bedroom |
11'9'' x 8'10'' |
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Bedroom |
11'9'' x 9'3'' |
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Primary Bedroom |
11'3'' x 11'2'' |
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Data from sources believed reliable but should not be relied upon without verification. All measurements are
approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate
Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently
under contract.
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