HIGH DEMAND, POTENTIAL INDUSTRIAL LAND IN THE APPALOOSA/SEXSMITH AREA OF KELOWNA - Approx. 1.75 acre property currently zoned A1 with potential to rezone to “I2 – General Industrial.” City of Kelowna has currently designated this property “IND – Industrial” in the 2040 OCP. Service upgrades to the area are already underway but have not yet been approved for 2876 Appaloosa. The property at 2876 Appaloosa Rd is well positioned to benefit from the newly updated 2022 City of Kelowna Zoning Bylaws, which currently designates I2 zoning allowing for a maximum site coverage of all buildings to 60%, max. base density (FAR) 1.5 and a max. base height up to 16 m. The current single-family home rents for $3800 per month and can provide holding income until the property is redeveloped. Asking price does not include any rezoning costs. (id:2493)
Data was last updated June 8, 2023 at 06:45 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$1,010,000
Min list price:
$299,000
Max list price:
$4,875,000
Avg days on market:
26
Min days on market:
2
Max days on market:
309
Avg price per sq.ft.:
$511.13
These statistics are generated based on the current listing's property type
and located in
North Glenmore. Average values are
derived using median calculations.
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