Dallas Markovina Personal Real Estate Corporation - 250-870-6145
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Single Family in Kelowna
- 217
- 125
2 Bedrooms
1 Bathrooms- 1176 Sq Ft
Property Type
Single Family
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, the site presents an efficient and financially compelling development opportunity. With 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 property is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing home also provides 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:6769)
Property Details
Subarea
Kelowna South
Lot
0.31
Year Built
1966
Sewer
Municipal sewage system
Rooms Dimension
| Room | Floor | 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'' |
Listing Agent
Bruce Cottier
(250) 899-2195
Brokerage
Royal LePage Kelowna
(250) 860-1100
Disclaimer:
The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Listing data last updated date: 2026-05-14 04:48:32
