MLS: 10386480
3090 HOLLAND Road
1176 sqft
2 Bedrooms
1 Bathrooms
$2,600,000
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 available 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 1240 KLO Road, and 3080 Holland Road, as a land assembly. (id:6770)
2 bedrooms Single Family Home < 1 Acre NewListed by Bruce Cottier
Royal LePage Kelowna
Share this listing
Overview
- Price $2,600,000
- MLS # 10386480
- Age 1966
- Stories 1
- Size 1176 sqft
- Bedrooms 2
- Bathrooms 1
- Cooling See Remarks
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Bruce Cottier
- Listing Office Royal LePage Kelowna
Contact an agent for more information or to set up a viewing.
Listings tagged as 2 bedrooms
5815 Oleander (SL 46) Drive Unit# 500, Osoyoos
$425,000
Gordon Lockhart of Sutton Group Seafair Realty
