1240 KLO RoadFor Sale

Kelowna , BC V1W3P9

Single Family

$1,790,000

MLS #10255824

Property Brief

DEVELOPMENT OPPORTUNITY IN LOWER MISSION, close to the LAKE/ BEACHES, amenities, public transit, popular SOUTH PANDOSY (shopping, restaurants, great coffee shops) and so much more! LAND ASSEMBLY with 3040 Holland Road. These two large lots combine to measure approximately 200' x 135', ideally suited for a CONDO or TOWNHOME DEVELOPMENT. Both properties are located within the OCP (Official Community Plan) future land use of CORE AREA- Neighbourhood, and are located on a TRANSIT SUPPORTIVE CORRIDOR (K.L.O. ROAD). Based on analysis of the highest and best use of the subject properties being consolidated, it has been suggested that stacked townhouses, a condominium or mixed use development would be recommended. It is expected that 6 stories would be supported for any proposed multi unit building, with an estimated maximum Floor Area Ratio of to 2.05. A great location for a development; centrally located within Kelowna and walking distance to the LAKE/ BEACHES, amenities, public transit, recreation, schools, Okanagan College and so much more. If you're considering holding the property until developing it, there are 3 sources of revenue as the 1240 KLO home includes a basement suite and 3090 Holland has a great updated home. Both homes include abundant parking options and are well suited as rental properties. Must be sold in conjunction with 3090 Holland Road. (id:37343)

Location

View Map
  • Address : 1240 KLO Road
  • City : Kelowna
  • State : British Columbia
  • Zip/Postal Code : V1W3P9
  • Country : Canada

Property Details

  • Property # : 10255824
  • Property Type : Single Family
  • Property status : For Sale
  • Property Price : $1,790,000
  • Bedrooms: 5
  • Bath: 3
  • Area: 1,876 sq ft
  • Garages: 2
  • Year Built: 1963

Amenities

  • Attached Garage
  • Garage
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association

Recently Added

  • 2130 Diamond Road, Kelowna, BC V1W4B9 For Sale

    2130 Diamond Road

    Kelowna , British Columbia V1W4B9

    $1,250,000

  • #126 1455 Cara Glen Court, Kelowna, BC V1V2J1 For Sale

    #126 1455 Cara Glen Court

    Kelowna , British Columbia V1V2J1

    $849,900

  • 1652 Elridge Court, Kelowna, BC V1W2Z9 For Sale

    1652 Elridge Court

    Kelowna , British Columbia V1W2Z9

    $2,249,000