$ 2,600,000 – 1225 Mountain Avenue

0 BR / 0 BA Vacant Land – Kelowna

This 1.275-acre property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Currently zoned MF1 - Infill Housing that provides for infill development but limits development to ground-oriented housing of 2 storeys. Preliminary plans indicate 16 units total including ten 3-bedroom townhouses and six 4-bedroom townhouses. The existing 2,496 SF, 5-bedroom, 3-bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Bankhead Elementary School, and the coffee shops, craft breweries & restaurants in the growing brewery district in Downtown Kelowna. (id:6769)