$2,995,000
This 1.275-acre property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Current zoning is RU1 with the OCP2040 Future Land Use of C-NHD. There is potential to rezone to MF1 – Infill Housing, a zone that provides for infill development but limits development to ground-oriented housing of 2 storeys. Preliminary plans indicate 16 units total including ten 3-bedroom townhouses and six 4-bedroom townhouses. The existing 2,496 SF, 5-bedroom, 3-bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Bankhead Elementary School, and the coffee shops, craft breweries & restaurants in the growing brewery district. (id:50889)
Property Details
MLS® Number
10271549
Neigbourhood
Glenmore
Building
Type
Other
Land
Acreage
Yes
Current Use
Development Residential
Size Irregular
1.28
Size Total
1.28 Ac|1 - 5 Acres
Size Total Text
1.28 Ac|1 - 5 Acres
Zoning Type
Unknown
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April 15 2024 07:03:24
Okanagan-Mainline Real Estate Board
RE/MAX Kelowna
