Exceptional opportunity to own a 50' x 122' lot with valuable rear lane access in one of Kelowna's most sought-after neighbourhoods. Previously approved under MF1 zoning, this property comes with architectural drawings for a proposed 4-unit multiplex, which are included in the purchase price, offering an excellent head start for your redevelopment plans (buyer to verify with the City of Kelowna). The existing home features 2 bedrooms and 1 bathroom and is solidly built with a separate basement entrance, providing excellent suite potential or holding income while you plan your future development. The spacious rear yard remains largely undeveloped, creating additional possibilities for future improvements. Located just a 3-block walk to Kelowna General Hospital,7 this property is also only a 15-minute walk to Downtown Kelowna, the waterfront, restaurants, shopping, and numerous amenities. Surrounded by newly constructed multiplex developments, this property is ideally positioned for investors, builders, and developers looking to capitalize on the area's continued growth and strong demand for housing. (id:56537)