$2,000,000
 $10,736 est/mo Sourced by Back At You

3080 Holland Road,Kelowna, BC V1W3P8

Kelowna, BC V1W3P8

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Description

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:13843)

Details

MLS #10386477
Listing TypeFor Sale
StyleHouse
StatusActive
Year1968
Days On Site181
Listing Provided ByRoyal LePage Kelowna | Bruce Cottier

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet2,204
Car PortYes
Story(s)2
Acreage0.37

Interior

CoolingWall unit
HeatingBaseboard heaters, Electric
Fireplace Yes / NoNo

Parking

Parking FeaturesCarport

Utilities

SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount4503

Area Information

ProvinceBC
CityKelowna
Postal CodeV1W3P8
Listing VS Median (in V1W3P8)
Price:
$2,000,000
low | high
Med:
$1,275,000
86.25% of Average
sqft:
2,204
low | high
Med:
2,186
50.816696914701% of Average
$ / sqft:
$907
low | high
Med:
$583
85.725068618481% of Average
On site:
181
low | high
Med:
213
84.976525821596% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Alex Winiarski

Alex Winiarski

Sutton Group - Quantum Realty Inc- Brokerage

Seniors Real Estate Specialist, REALTOR® (416) 455-9151alexwiniarski@sutton.com
ProvinceBC
CityKelowna
Postal CodeV1W3P8
Listing VS Median (in V1W3P8)
Price:
$2,000,000
low | high
Med:
$1,275,000
86.25% of Average
sqft:
2,204
low | high
Med:
2,186
50.816696914701% of Average
$ / sqft:
$907
low | high
Med:
$583
85.725068618481% of Average
On site:
181
low | high
Med:
213
84.976525821596% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.5M - $2.5M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
3049 Gordon Drive Property Photo 1
$1,999,000
3049 Gordon Drive
Kelowna, BC V1W3R1
1249 K.L.O. Road Property Photo 1
$2,000,000
1249 K.l.o. Road
Kelowna, BC V1W3N7
Listing Updated: September 29, 2026 at 3:19:22 AM PDT

Alex Winiarski - Sutton