PRIME .66 ACRE DEVELOPMENT OR HOLDING OPPORTUNITY ON THE TRANSIT CORRIDOR! This 2-lot land assembly (3029 + 3009 Gordon Dr) totals .66 acres (28,749 sq. ft.) in a high-demand location! Listed at a combined price of $3,150,000, this site offers exceptional development potential of up to a 6-story apartment building with a 1.8 FAR plus bonus density of up to 0.55 FAR. Located near Okanagan College in the highly sought-after Kelowna South area, this prime transit-oriented site is perfect for a high-yield rental development. Its strategic location ensures strong demand and excellent accessibility, making it a standout investment. Alternatively, this property presents a fantastic long-term holding opportunity for future development, allowing investors to secure a prime piece of real estate in a rapidly growing area. Buyers to verify development potential with the City of Kelowna. (id:2493)
Data was last updated April 4, 2025 at 06:45 AM (UTC)
Area Statistics
Listings on market:
191
Avg list price:
$639,900
Min list price:
$215,000
Max list price:
$5,790,000
Avg days on market:
52
Min days on market:
1
Max days on market:
660
Avg price per sq.ft.:
$504.26
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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