This expansive 9-bedroom, 3-bathroom property with a single garage and alleyway access offers incredible potential for development. Zoned MF4, this site is primed for multi-family development. And with a land assembly, up to 6 stories can be built. While the house itself is in poor condition and a tear down, an estimated renovation quote of $177,000 is available should you choose to restore the property. A detailed proposal can be shared upon request. Alternatively, the property could serve as a boarding home in its current state, if renovated. The seller has already prepared development plans for a triplex, featuring a duplex with rear access and a charming detached home at the front. Once built, the three units could be sold separately. Located in a highly sought-after and rapidly developing area, this property is just 450 meters from KGH. For even greater potential, consider combining with neighboring properties to pursue up to a 6-story development approval. Demolition costs are approximately $25,000 (with a quote available), and there is NO ASBESTOS on the premises. A pre-demolition inspection report is available to verify this. This is a prime location and lot, offering a wealth of opportunities for the savvy investor or developer. The appraisal of this property is $1.35 Million and a copy is attached in supplement. Pictures are of the completed product once constructed. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Total Living Area:
2,367 sq. ft.220 m2
Zoning:
Unknown
Taxes:
$4,644.98 /
-
Community:
Kelowna South
Exterior Features:
Stucco
Structure Type:
House
Home Style:
Bungalow
Bedrooms:
9
Bathrooms:
3.0
Half Bathrooms:
0
Roof:
Asphalt shingle, Unknown
Fireplace:
No
Heating:
Baseboard heaters, Forced air, Electric, See remarks
Roof Style:
Asphalt shingle, Unknown
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Full
Lot Frontage:
48'14.6 m
Lot Size:
5,663 sq. ft.526 m2
Lot Details:
0.13
Parking:
Street
Floor
Type
Size
Other
Main level
Bedroom
11'2"3.40 m × 9'7"2.92 m
-
Main level
Primary Bedroom
12'3.66 m × 12'3.66 m
-
Main level
Bedroom
10'3.05 m × 9'2"2.79 m
-
Main level
Dining room
11'3.35 m × 11'3.35 m
-
Main level
Living room
16'4.88 m × 15'4.57 m
-
Second level
Bedroom
10'2"3.10 m × 9'6"2.90 m
-
Second level
Bedroom
11'3.35 m × 10'3.05 m
-
Basement
Bedroom
9'8"2.95 m × 9'2"2.79 m
-
Basement
Bedroom
10'4"3.15 m × 10'2"3.10 m
-
Basement
Bedroom
10'2"3.10 m × 9'6"2.90 m
-
Basement
Bedroom
10'3.05 m × 9'2.74 m
-
Basement
Kitchen
13'3.96 m × 10'3.05 m
-
Floor
Ensuite
Pieces
Other
Main level
No
4
Main level
No
4
Basement
No
4
Status:
Active
Prop. Type:
Single Family
MLS® Num:
10338668
Bedrooms:
9
Bathrooms:
3
Year Built:
1930
Area Statistics
Listings on market:
216
Avg list price:
$800,000
Min list price:
$215,000
Max list price:
$5,590,000
Avg days on market:
51
Min days on market:
1
Max days on market:
461
Avg price per sq.ft.:
$333.64
These statistics are generated based on the current listing's property type
and located in
Kelowna South. Average values are
derived using median calculations.
Data was last updated May 29, 2025 at 06:45 AM (UTC)
Area Statistics
Listings on market:
216
Avg list price:
$800,000
Min list price:
$215,000
Max list price:
$5,590,000
Avg days on market:
51
Min days on market:
1
Max days on market:
461
Avg price per sq.ft.:
$333.64
These statistics are generated based on the current listing's property type
and located in
Kelowna South. Average values are
derived using median calculations.
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