3090 Holland Road Kelowna, British Columbia V1W 3P8

2 Bedroom 1 Bathroom 1,176 sqft
Ranch See Remarks Baseboard Heaters

$2,600,000

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 has already achieved MF3 zoning, 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, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is 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 3080 Holland Road, as a land assembly. (id:58301)

Property Details

MLS® Number 10386480
Property Type Single Family
Neigbourhood Kelowna South
Amenities Near By Public Transit, Schools
Features Cul-de-sac, Corner Site
Road Type Cul De Sac

Building

Bathroom Total 1
Bedrooms Total 2
Architectural Style Ranch
Constructed Date 1966
Construction Style Attachment Detached
Cooling Type See Remarks
Heating Type Baseboard Heaters
Stories Total 1
Size Interior 1,176 Sqft
Type House
Utility Water Municipal Water

Parking

Carport

Land

Access Type Easy Access
Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Frontage 133 Ft
Size Irregular 0.31
Size Total 0.31 Ac|under 1 Acre
Size Total Text 0.31 Ac|under 1 Acre

Rooms

Level Type Dimensions
Main Level Full Bathroom 8'0'' x 8'0''
Main Level Laundry Room 12'0'' x 8'0''
Main Level Bedroom 12'0'' x 13'0''
Main Level Primary Bedroom 12'0'' x 13'0''
Main Level Living Room 14'0'' x 14'0''
Main Level Kitchen 12'0'' x 12'0''

https://www.realtor.ca/real-estate/29732980/3090-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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