1225 Mountain Avenue, Kelowna, British Columbia V1Y7G9

Listing courtesy of RE/MAX Kelowna.

$2,995,000
List Price
$2,995,000
MLS®
10265573
Days on Market
67
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size
55,538
Subdivision
Glenmore

Property Description

Large residential property totaling 1.275 acres with redevelopment potential for further densification and infill. The property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Current zoning is RU1 with the OCP2040 Future Land Use of C-NHD. There is also potential to rezone to SFRU5 for multiple single-family homes or MF2 for townhomes, similar to an adjacent property at 1170 Brant Ave where individual 1,588 SF units have recently sold for $750,000. There could also be potential support for MF3 zoning (apartment housing) if it is deemed to provide positive impact on the surrounding neighborhood or through affordable market housing. The existing 2,496 SF, 5 bedroom, 3 bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Bankhead Elementary School, and the coffee shops, craft breweries and restaurants in the growing brewery district. (id:2579)

Additional Information

Subdivision
Glenmore
Country
Canada
Lot Size
55,538

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks