A rare 0.22-acre (77' x 119') corner lot in the heart of Central Kelowna—designated TS1 zoning, permitting up to 4 storeys with a maximum base density of 1.55 FAR. Located within close proximity to Transit Supportive Corridors, the zoning allows for a range of housing forms from ground-oriented residential to apartment development, offering exceptional flexibility for future plans. Set on a flat corner with lane access, this property delivers the fundamentals that drive long-term value: multiple access points, generous frontage, mature privacy, and a strong presence within a neighbourhood experiencing steady transformation. Wide open yard space and excellent separation from neighbouring homes distinguish this parcel in an area increasingly defined by modern infill. The existing home offers approximately 1,335 sq. ft. with 3 bedrooms and 2 bathrooms. A bright living area with large picture windows welcomes natural light, while the lower-level recreation room adds versatility. A substantial crawl space provides practical storage for those wishing to rent, hold, or occupy while planning redevelopment. A detached garage and additional laneway parking enhance functionality. Minutes to Kelowna General Hospital, beaches, shopping, schools, parks, and major transit routes, this highly connected central location continues to attract homeowners and developers alike. For builders and investors, this is a strategic corner-lot opportunity combining scale, access, and updated zoning in one of Kelowna’s most desirable urban districts. (id:56537)