$1,795,000

424 Newsom Avenue, Kelowna

Kelowna South, Kelowna, BC V1Y4Y2

4 bd · 3 ba · 2,756 sq ft · Single-family home

Listed by Real Broker B.C. Ltd

About this property

A rare opportunity to acquire a prime development site in the heart of Kelowna's South Pandosy Urban Centre. Zoned UC5, this 6,044 sq ft lot (79 x 76.5 ft) with laneway access is surrounded by new construction on all sides, with several neighbouring parcels already cleared and shovel ready, a clear signal of where this corridor is heading. UC5 zoning permits mixed-use development up to 8 storeys as of right, with density bonusing available up to 11 storeys. No rezoning required. The City of Kelowna has identified this node as a primary growth area under the 2040 OCP, making this an exceptionally well positioned holding for any developer or investor looking to enter one of BC's most active mid-size urban markets. Steps to Okanagan Lake, the Pandosy Village commercial strip, Kelowna General Hospital, and transit. The existing two storey home with pool generates income while you plan. Hold, assemble, or build. Land assembly potential exists with neighbouring properties. Opportunities like this in an established urban centre with this level of surrounding development activity are increasingly rare. (id:67417)

Property details

Price

$1,795,000

MLS® number

10396885

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

4

Bathrooms

3

Living area

2,756 sq ft

Lot size

0.14 acres · 0.14

Year built

1947

Storeys

2

Annual taxes

$3,657

Community

Kelowna South, Kelowna

Features

Heating

Forced air

Cooling

Wall unit

Parking

Other, Street, Additional Parking

Pool

Pool, Inground pool, Outdoor pool

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Second level	3pc Ensuite bath	8' x 11'
Second level	Bedroom	10'4'' x 19'5''
Second level	Bedroom	10'4'' x 15'
Main level	3pc Bathroom	6'3'' x 7'10''
Main level	Living room	15' x 23'9''
Main level	Kitchen	10'3'' x 14'
Second level	4pc Bathroom	7' x 7'6''
Second level	Primary Bedroom	11'5'' x 19'5''
Second level	Bedroom	10'4'' x 15'6''
Main level	Dining nook	6' x 11'
Main level	Family room	15' x 19'
Main level	Dining room	9' x 13'8''

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