1269 Belaire Avenue
Kelowna, British Columbia V1Y6B8

$1,888,000

ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story plus 2 story underground parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 3 Bed up, 2 Bed Legal suite, & non-conforming ""cottage"" in back, total gross rents ~$6,000/month. Hardwood floors, decently maintained and updated over the years. Value mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). No Sign. (id:3942)

ID# 10320447

Shawn Worsfold
Personal Real Estate Corporation

office: 250.860.1100
cell: 250.870.7771
Visit Shawn's Website

Listed on: July 22, 2024

On market: 5 days

3 Bedroom 2 Bathroom

Baseboard heaters

Bathroom Total	2
Bedrooms Total	3
Half Bathrooms Total	0
Year Built	1959
Flooring Type	Carpeted, Laminate, Linoleum
Heating Type	Baseboard heaters
Heating Fuel	Electric
Stories Total	1

Storage	Basement	6'0'' x 7'0''
Family room	Basement	21'0'' x 11'0''
Full bathroom	Main level	Measurements not available
Bedroom	Main level	9'0'' x 11'0''
Primary Bedroom	Main level	10'5'' x 12'0''
Kitchen	Main level	9'5'' x 9'5''
Dining room	Main level	10'5'' x 9'5''
Living room	Main level	17'5'' x 11'5''
Full bathroom	Additional Accommodation	Measurements not available
Bedroom	Additional Accommodation	9'0'' x 10'5''
Kitchen	Additional Accommodation	10'0'' x 11'0''

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1269 Belaire Avenue Kelowna, British Columbia V1Y6B8

3 Bedroom 2 Bathroom

Baseboard heaters

1269 Belaire Avenue
Kelowna, British Columbia V1Y6B8