$2,000,000

3080 Holland Road, Kelowna

Kelowna South, Kelowna, BC V1W3P8

4 bd · 2 ba · 2,204 sq ft · Single-family home

Listed by Royal LePage Kelowna

About this property

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:67417)

Property details

Price

$2,000,000

MLS® number

10386477

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

4

Bathrooms

2

Living area

2,204 sq ft

Lot size

0.37 acres · 0.37

Year built

1968

Storeys

2

Annual taxes

$4,503

Community

Kelowna South, Kelowna

Features

Style

Ranch

Heating

Baseboard heaters, Electric

Cooling

Wall unit

Parking

Carport

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Basement	Storage	8'11'' x 5'
Basement	Dining room	11' x 10'8''
Basement	Full bathroom	8'6'' x 5'
Basement	Bedroom	11' x 10'10''
Basement	Kitchen	13' x 11'
Basement	Games room	23'9'' x 10'11''
Main level	Sunroom	16'9'' x 7'7''
Main level	Dining room	11' x 9'
Main level	Bedroom	11' x 8'
Main level	Bedroom	12' x 11'6''
Main level	Full bathroom	6'6'' x 5'6''
Main level	Primary Bedroom	15'7'' x 13'2''
Main level	Kitchen	9'8'' x 15'8''
Main level	Living room	13'5'' x 23'

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