This expansive 9-bedroom, 3-bathroom property with a single garage and alleyway access offers incredible potential for development. Zoned MF4, this site is primed for multi-family development. And with a land assembly, up to 6 stories can be built. While the house itself is in poor condition and a tear down, an estimated renovation quote of $177,000 is available should you choose to restore the property. A detailed proposal can be shared upon request. Alternatively, the property could serve as a boarding home in its current state, if renovated. The seller has already prepared development plans for a triplex, featuring a duplex with rear access and a charming detached home at the front. Once built, the three units could be sold separately. Located in a highly sought-after and rapidly developing area, this property is just 450 meters from KGH. For even greater potential, consider combining with neighboring properties to pursue up to a 6-story development approval. Demolition costs are approximately $25,000 (with a quote available), and there is NO ASBESTOS on the premises. A pre-demolition inspection report is available to verify this. This is a prime location and lot, offering a wealth of opportunities for the savvy investor or developer. The appraisal of this property is $1.35 Million and a copy is attached in supplement. Pictures are of the completed product once constructed as well as some current pictures. (id:32467)

Building

• Architectural Style: Bungalow
• Basement Type: Full
• Construction Style: Detached
• Exterior Finish: Stucco
• Fireplace: No
• Interior Size: 2367 sqft
• Building Type: House
• Stories: 1
• Utility Water: Municipal water

Land

• Land Size: 0.13 ac|under 1 acre
• Sewer: Municipal sewage system

Ownership

• Type: Freehold

Information entered by Royal LePage Kelowna
Listing information last updated on: 2025-11-12 19:40:13