$900,000
Unlock the potential of this versatile property in Kelowna, designed to support both immediate rental opportunities and extensive development. Zoned UC2 within the 2040 OCP's Capri Core neighbourhood, this site is approved for up to 12-storey developments, offering a remarkable chance for growth. First-time buyers will find this property especially attractive due to its dual-suite configuration—featuring a legal 3-bedroom suite upstairs and a 2-bedroom suite downstairs—providing a valuable mortgage helper. This setup not only helps in managing mortgage payments but also in building equity while planning future developments. The property promises reliable income generation, making it an excellent buy-and-hold opportunity. Buyers should verify with the city to ensure the property suits their specific needs. (id:50889)
Property Details
MLS® Number
10311258
Neigbourhood
Springfield/Spall
Parking Space Total
4
Water Front Type
Waterfront On Creek
Building
Bathroom Total
3
Bedrooms Total
5
Constructed Date
1940
Construction Style Attachment
Detached
Heating Type
Forced Air
Stories Total
2
Size Interior
2225 Sqft
Type
House
Utility Water
Municipal Water
Land
Acreage
No
Sewer
Municipal Sewage System
Size Irregular
0.16
Size Total
0.16 Ac|under 1 Acre
Size Total Text
0.16 Ac|under 1 Acre
Surface Water
Creeks
Zoning Type
Unknown
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April 26 2024 08:28:20
Okanagan-Mainline Real Estate Board
RE/MAX Kelowna
