1240 KLO Road,

Kelowna, British Columbia V1W3P9

$1,790,000

DEVELOPMENT OPPORTUNITY IN LOWER MISSION, close to the LAKE/ BEACHES, amenities, public transit, popular SOUTH PANDOSY (shopping, restaurants, great coffee shops) and so much more! LAND ASSEMBLY with 3040 Holland Road. These two large lots combine to measure approximately 200' x 135', ideally suited for a CONDO or TOWNHOME DEVELOPMENT. Both properties are located within the OCP (Official Community Plan) future land use of CORE AREA- Neighbourhood, and are located on a TRANSIT SUPPORTIVE CORRIDOR (K.L.O. ROAD). Based on analysis of the highest and best use of the subject properties being consolidated, it has been suggested that stacked townhouses, a condominium or mixed use development would be recommended. It is expected that 6 stories would be supported for any proposed multi unit building, with an estimated maximum Floor Area Ratio of to 2.05. A great location for a development; centrally located within Kelowna and walking distance to the LAKE/ BEACHES, amenities, public transit, recreation, schools, Okanagan College and so much more. If you're considering holding the property until developing it, there are 3 sources of revenue as the 1240 KLO home includes a basement suite and 3090 Holland has a great updated home. Both homes include abundant parking options and are well suited as rental properties. Must be sold in conjunction with 3090 Holland Road. (id:3942)
ID# 10255824

Jody Miller
Personal Real Estate Corporation

e-Mail Jody Miller
office: 250-860-1100
cell: 250-469-4639
Visit Jody's Website

Listed on: June 10, 2022

On market: 22 days
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5 Bedroom 3 Bathroom

Bathroom Total 3
Bedrooms Total 5
Half Bathrooms Total 0
Year Built 1963
Heating Fuel Electric
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Full bathroomSecond level6 ft x 3 ft ,2 in
Full bathroomSecond level9 ft ,3 in x 7 ft ,1 in
Primary BedroomSecond level11 ft ,3 in x 11 ft ,2 in
BedroomSecond level11 ft ,9 in x 8 ft ,10 in
BedroomSecond level11 ft ,9 in x 9 ft ,3 in
Full bathroomBasement7 ft ,4 in x 4 ft ,5 in
BedroomBasement10 ft ,4 in x 8 ft ,3 in
BedroomBasement10 ft ,9 in x 8 ft ,4 in
KitchenBasement7 ft ,10 in x 10 ft ,9 in
Recreational, Games roomBasement18 ft ,5 in x 9 ft ,10 in
Laundry roomMain level8 ft ,11 in x 5 ft ,11 in
KitchenMain level11 ft ,5 in x 8 ft ,7 in
Dining roomMain level11 ft ,5 in x 9 ft ,1 in
Living roomMain level13 ft ,8 in x 16 ft ,2 in
StorageMain level3 ft ,3 in x 7 ft ,4 in