1240 Klo Road, Kelowna, British Columbia V1V 2V6

Listed for:
$2,600,000
5 beds
3 baths
Listed 5 days ago
House for rent: 1240 Klo Road, Kelowna, British Columbia V1V 2V6

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About

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 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 3080 Holland Road, and 3090 Holland Road, as a land assembly. (id:27476)

Property Highlights

MLS® Number
10386481
Type
Single Family
Ownership Type
Freehold
Land Size
0.31 ac|under 1 acre
Parking Space Total
2

Building

Building Type
House
Storeys
2.00
Square Footage
1778 sqft
Bathrooms Total
3
Bedrooms Total
5
Amenities
Public Transit, Park, Recreation, Schools, Shopping
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Electric
Building Cooling Type
See Remarks

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

Primary Bedroom
Second level
11'3'' x 11'2''
Bedroom
Second level
11'9'' x 8'10''
Bedroom
Second level
11'9'' x 9'3''
4pc Bathroom
Second level
9'3'' x 7'1''
2pc Bathroom
Second level
6'0'' x 3'2''
Recreation room
Basement
18'5'' x 9'10''
Kitchen
Basement
7'10'' x 10'9''
Bedroom
Basement
10'9'' x 8'4''
Bedroom
Basement
10'4'' x 8'3''
4pc Bathroom
Basement
7'4'' x 4'5''
Storage
Main level
3'3'' x 7'4''
Living room
Main level
13'8'' x 16'2''
Laundry room
Main level
8'11'' x 5'11''
Kitchen
Main level
11'5'' x 8'7''
Dining room
Main level
11'5'' x 9'1''

Location

Learn more about this property
Listing provided by:
Royal LePage Kelowna
MLS® number:
10386481
Agent:
Bruce Cottier
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Street Spotlight - For sale