Presenting a rare investment opportunity in the heart of Kelowna. This expansive 16,000+ square foot lot is perfectly poised for future condo development. Located next to a site already approved for 107 rental condo units, this parcel offers immense potential for developers looking to capitalize on Kelowna's growing demand for residential space. Currently zoned MF1, this property has the potential to be rezoned to MF3 or MF3r, similar to the neighboring development, allowing for a significant increase in development density. Large parcels like this are rare to come by, offering the advantage of purchasing a single lot to develop on versus complex land assemblies. Prospective buyers are advised to conduct their own due diligence and confirm details with the City of Kelowna. (id:2493)
Data was last updated January 3, 2025 at 02:15 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$625,000
Min list price:
$229,900
Max list price:
$2,775,000
Avg days on market:
91
Min days on market:
2
Max days on market:
247
Avg price per sq.ft.:
$494.07
These statistics are generated based on the current listing's property type
and located in
Springfield/Spall. Average values are
derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s 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. Used under license.