3080 Holland Road Kelowna, British Columbia V1W 3P8

1 Bedroom 1 Bathroom 2,204 sqft
Ranch Wall Unit Baseboard Heaters

$2,000,000

MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property can be developed in conjunction with the other two MF3 zoned properties in the assembly, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the available rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, the site presents an efficient and financially compelling development opportunity. The City will support rezoning to MF3- allowing a significant increase in the overall development area to 0.98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 1240 KLO Road, and 3090 Holland Road, as a land assembly. (id:58301)

Property Details

MLS® Number 10386477
Property Type Single Family
Neigbourhood Kelowna South

Building

Bathroom Total 1
Bedrooms Total 1
Architectural Style Ranch
Constructed Date 1968
Construction Style Attachment Detached
Cooling Type Wall Unit
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 2,204 Sqft
Type House
Utility Water Municipal Water

Parking

Carport

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.37
Size Total 0.37 Ac|under 1 Acre
Size Total Text 0.37 Ac|under 1 Acre

Rooms

Level Type Dimensions
Main Level Full Bathroom Measurements not available
Main Level Primary Bedroom 12' x 11'7''
Main Level Kitchen 15'8'' x 9'8''
Main Level Living Room 24' x 13'5''

https://www.realtor.ca/real-estate/29732557/3080-holland-road-kelowna-kelowna-south

Contact Us

Contact us for more information

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Bruce Cottier

(250) 899-2195

Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

(250) 860-1100
(250) 860-0595
royallepagekelowna.com/

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