550 Patterson Avenue, Kelowna, British Columbia V1Y 5C6

Listed for:
$1,279,000
5 beds
4 baths
Listed 5 days ago
House for rent: 550 Patterson Avenue, Kelowna, British Columbia V1Y 5C6

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Learn more about this property
Listing provided by:
Royal LePage Kelowna
MLS® number:
10368915
Agent:
Eric Drouin
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About

ATTENTION DEVELOPERS & INVESTORS! Prime opportunity in the heart of Kelowna! This well-maintained single-family home with a carriage house offers exceptional potential when combined with the adjoining properties at 530 & 540 Patterson (MLS# 10313190 & 10313085), totaling 0.46 acres of development-ready land. Currently zoned MF1 within the C-NHD, this site sits on the transit corridor—making it ideal for MF3 zoning and a potential six-storey apartment development. The City of Kelowna has recently installed new sewer lines along the alley, further enhancing development readiness. In the meantime, both the main home and carriage home offer strong rental income potential, making this an excellent holding property. Alternatively, the lot could support a townhome development, following the successful projects nearby. Don’t miss this rare opportunity to secure a key parcel in one of Kelowna’s most promising urban growth areas! (id:27476)

Property Highlights

MLS® Number
10368915
Type
Single Family
Ownership Type
Freehold
Land Size
0.18 ac|under 1 acre
Parking Space Total
6

Building

Building Type
House
Storeys
1.50
Square Footage
2344 sqft
Bathrooms Total
4
Bedrooms Total
5
Amenities
Park, Recreation, Schools, Shopping
Exterior Finish
Stucco
Fireplace Present
Yes
Basement Type
Crawl space
Basement Features
Building Heating Type
Baseboard heaters, Forced air, See remarks
Heating Fuel
Electric
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

Primary Bedroom
Second level
11'2'' x 23'11''
3pc Bathroom
Second level
Measurements not available
Living room
Third level
12'3'' x 23'1''
Kitchen
Third level
9'10'' x 11'6''
2pc Bathroom
Third level
Measurements not available
Bedroom
Fourth level
9'1'' x 11'4''
Bedroom
Fourth level
11'7'' x 12'1''
4pc Bathroom
Fourth level
Measurements not available
Workshop
Main level
10'1'' x 13'4''
Other
Main level
8'11'' x 13'4''
Storage
Main level
6'5'' x 8'2''
Living room
Main level
14'1'' x 16'9''
Laundry room
Main level
5'2'' x 6'9''
Kitchen
Main level
8'10'' x 13'3''
Dining room
Main level
5'6'' x 8'6''
Bedroom
Main level
8'9'' x 12'0''
Bedroom
Main level
9'7'' x 12'4''
4pc Bathroom
Main level
Measurements not available

Location

Street Spotlight - For sale