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588/598 Royal Avenue, Kelowna
2026-04-21
Quick Summary
- Location
- 588/598 Royal Avenue, Kelowna, British Columbia V1Y5L5
- Price
- $3,200,000
- Status:
- For Sale
- Property Type:
- Other
MLS®#10383740
Property Description
Highly Desirable Multi-Family Development Site - 588 and 598 Royal Avenue form an approximately 0.33-acre MF4 land assembly in Kelowna South, less than 200 m from the center of the Kelowna General Hospital Transit Oriented Area. Both properties are zoned MF4 â Transit Oriented Areas with OCP 2040 Future Land Use C-HTH N â Core Area â Health District, placing them in one of only four provincially designated TOAs in Kelowna and in the highest-intensity inner 0â200 m band around the KGH hub. MF4 Multiple Dwelling Housing designation supports 6-storey mid-rise development. The three existing homes provide rental income during the holding and planning stages, and full rear lane access, reinforced by a registered access easement, improves site servicing and parking flexibility. Together, these factors make the property a straightforward, policy-aligned candidate for a mid-rise multifamily project in the unique KGH Transit Oriented Area. Share sale option is available. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Other
Land
- Land Size: under 1 acre
Ownership
- Type: Freehold
Information entered by Coldwell Banker Horizon Realty
Listing information last updated on: 2026-04-24 19:19:01
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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Glen MacKenzie REALTOR®. Member of The Canadian Real Estate Association & more
- Phone:
- (250) 870-4536
- Mobile:
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- Email:
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- Support Area:
- Areas serviced in the Central Okanagan include all sub divisions of: Kelowna, Westbank, West Kelowna, Peachland
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- Phone:
- 604-683-1393
- Email:
- donnafullerREALTOR@gmail.com
- Support Area:
- KELOWNA, KELOWNA DOWNTOWN, KELOWNA SOUTH, KELOWNA NORTH, SOUTH EAST KELOWNA, LOWER MISSION, UPPER MISSION, KETTLE VALLEY, CRAWFORD ESTATES, SPRINGFIELD SPALL, DILWORTH MOUNTAIN, WILDEN, RUTLAND, JOE RICH, BLACK MOUNTAIN, UNIVERSITY DISTRICT, LAKE COUNTRY, WINFIELD, ELLISON
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- Phone:
- 604-562-4152
- Email:
- tremblr@gmail.com
- Support Area:
- Kelowna, West Kelowna, Rutland, Lake Country
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