$ 1,790,000 1240 KLO Road

This listing presented by Lorne Ayers. Contact Lorne by phone: (250) 860-1100 or email direct here.

Listing Info

City Kelowna
Subarea KS - Kelowna South
Property Type Single Family Residential
Type of Dwelling Single Family
Listing Status Active
List Price $1,790,000
Bedroom 5
Bathrooms (Full) 3
MLS® Number 10255824

Place Nearby (within radius 1.5 km)



5 BR / 3 BA Single Family – Kelowna

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.

Construction Info

Finished Floor Area 1876
Sewer Type Sewer
Water Supply Municipal
Depth 99.00
Frontage 134.00
Construction Frame - Wood
Roof Asphalt/Fibreglass Shingles
Heating Fuel Electricity
Foundation Concrete
Year Built 1963

Rooms Dimension

Site Infuences

Central Location,Flat Site,Park Nearby,Public Transit Nearby,Recreation Nearby,Schools Nearby,Shopping Nearby

Listing Agent:

Jody Miller

Brokerage:

Royal LePage Kelowna

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Listing data last updated date: 2022-06-11 06:20:02
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