3090 Holland Road,Kelowna, BC V1W3P8
Kelowna, BC V1W3P8
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 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:13843)
Details
| MLS # | 10386480 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1966 |
| Days On Site | 166 |
| Listing Provided By | Royal LePage Kelowna | Bruce Cottier |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,176 |
| Car Port | Yes |
| Story(s) | 1 |
| Acreage | 0.31 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Cul-de-sac, Corner Site |
|---|
Parking
| Parking Features | Carport |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3871 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1W3P8 |
| Listing VS Median (in V1W3P8) | |
Price: $2,600,000 low | high Med: $1,275,000 sqft: 1,176 low | high Med: 2,186 $ / sqft: $2,211 low | high Med: $583 On site: 166 low | high Med: 198 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1W3P8 |
| Listing VS Median (in V1W3P8) | |
Price: $2,600,000 low | high Med: $1,275,000 sqft: 1,176 low | high Med: 2,186 $ / sqft: $2,211 low | high Med: $583 On site: 166 low | high Med: 198 | |