ATTN INVESTORS!! This 68' x 120' lot in the heart of Kelowna South offers a fantastic development opportunity in one of the city’s most sought-after locations. Just a short walk to Kelowna General Hospital, Lake Okanagan's beautiful beaches & Pandosy Village. Ideally positioned for investors, developers, or those looking for strong rental income potential. With new provincial zoning legislation, this property presents multiple options, including a luxury duplex, fourplex, or potential sixplex. The existing home is uniquely positioned at the front of the lot, allowing for future development at the rear while maintaining rental income. The home features THREE SEPARATE LIVING SPACES, maximizing earning potential with a combined rental income of up to $5,500+ per month. Main residence: 1,222 sq. ft. with 3 bedrooms, 1 bathroom, a spacious living and dining area, kitchen, laundry, and access to a deck overlooking the backyard. Two-bedroom suite: 711 sq. ft. with a private entrance and shared laundry. Studio suite: 215 sq. ft. with its own private entrance. This neighborhood is rapidly evolving, with new developments reshaping the area. Whether you're looking to hold and generate rental income or redevelop for maximum returns, this property is an excellent opportunity in a high-demand location. Call NOW to arrange your private tour, this property will not last! (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Total Living Area:
2,376 sq. ft.221 m2
Zoning:
Unknown
Taxes:
$5,802 /
-
Community:
Kelowna South
View:
Mountain view
Waterfront:
Other
Structure Type:
House
Appliances Included:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, See remarks
Data was last updated March 25, 2025 at 08:15 PM (UTC)
Area Statistics
Listings on market:
196
Avg list price:
$994,450
Min list price:
$229,900
Max list price:
$5,790,000
Avg days on market:
55
Min days on market:
1
Max days on market:
651
Avg price per sq.ft.:
$786.32
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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