$2,600,000

3090 HOLLAND Road, Kelowna

Kelowna South, Kelowna, BC V1W3P8

2 bd · 1 ba · 1,176 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 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:67417)

Property details

Price

$2,600,000

MLS® number

10386480

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

2

Bathrooms

1

Living area

1,176 sq ft

Lot size

0.31 acres · 0.31

Frontage

133 feet

Year built

1966

Storeys

1

Annual taxes

$3,871

Community

Kelowna South, Kelowna

Features

Style

Ranch

Heating

Baseboard heaters

Cooling

See Remarks

Parking

Carport

Lot

Cul-de-sac, Corner Site

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Main level	Full bathroom	8'0'' x 8'0''
Main level	Laundry room	8'0'' x 12'0''
Main level	Bedroom	13'0'' x 12'0''
Main level	Primary Bedroom	13'0'' x 12'0''
Main level	Living room	14'0'' x 14'0''
Main level	Kitchen	12'0'' x 12'0''

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