.23-Acre Development Lot with Assembly Potential. This is your chance to secure a .23-acre development lot in a rapidly evolving area just minutes from downtown Kelowna. With 71 feet of frontage along Ethel Street and 143 feet along Saucier Avenue, the site offers excellent street exposure and flexibility in design. Ideally suited for townhome development under the new Official Community Plan, this property presents outstanding potential for investors and builders alike. There is an opportunity to build up to 10 stacked townhouse units on this lot alone. What makes this opportunity even more attractive is the potential for a land assembly with the neighboring lot (MLS 10351195)—together offering nearly half an acre of prime development space with the potential to build up to 25 units. Alternatively, you could choose to renovate the existing home and bring it back to life. The current layout features 3 bedrooms and 1 bathroom on the main floor, a full-sized stand-up attic, and a partially finished basement that includes 2 additional bedrooms, a rec room, workshop area, and a cooler/wine room—making it a great candidate for those looking to blend character with functionality. Whether you're looking to build and hold, renovate and live, develop a small-scale multi-unit project, or explore a larger assembly opportunity, this property is well-positioned for growth. Don’t miss your chance to invest in a high-potential site with both standalone and assembly value. (id:2493)
Data was last updated July 20, 2025 at 02:15 AM (UTC)
Area Statistics
Listings on market:
228
Avg list price:
$857,000
Min list price:
$215,000
Max list price:
$5,995,000
Avg days on market:
60
Min days on market:
1
Max days on market:
512
Avg price per sq.ft.:
$585.42
These statistics are generated based on the current listing's property type
and located in
Kelowna South. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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