- ©MLS 10386480
- Area 1176 sq ft
- Bedrooms 2
- Bathrooms 1
Description
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 available 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 1240 KLO Road, and 3080 Holland Road, as a land assembly. (id:48970) Show More
Details
- Constructed Date: 1966
- Property Type: Single Family
- Type: House
- Access Type: Easy access
- Road: Cul de sac
- Architectural Style: Ranch
- Neighbourhood: Kelowna South
Ammenities + Nearby
- Public Transit
- Schools
- Public Transit
- Schools
Features
- Cul-de-sac
- Corner Site
- See Remarks
- Baseboard heaters
Rooms Details For 3090 HOLLAND Road
| Type | Level | Dimension |
|---|---|---|
| Full bathroom | Main level | 8'0'' x 8'0'' |
| Laundry room | Main level | 12'0'' x 8'0'' |
| Bedroom | Main level | 12'0'' x 13'0'' |
| Primary Bedroom | Main level | 12'0'' x 13'0'' |
| Living room | Main level | 14'0'' x 14'0'' |
| Kitchen | Main level | 12'0'' x 12'0'' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board