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1233 Ethel Street, Kelowna

Property Description

PRIME DEVELOPMENT OPPORTUNITY IN A GROWTH CORRIDOR Unlock the potential of this ideally located property in one of Kelowna’s most exciting redevelopment zones! Nestled between Richter Street and Gordon Drive, just steps from Clement Avenue, this lot lies within three Transit Supportive Corridors—offering excellent access and long-term value. The charming 1940s character home includes laneway access and sits on a flat, versatile lot. Inside, you'll find bright living spaces, original hardwood floors, and a smart layout. Previously a 4-bedroom, it’s currently a spacious 2-bedroom but could easily be converted back. The main floor has a large bedroom with a 2-piece en-suite and a family room off the kitchen—great for everyday living or rental income. Out back, enjoy a fully fenced yard with mature fruit trees, garden space, a covered deck, and plenty of privacy—ideal for pets or entertaining. Zoned RU4 (Duplex Housing) with future land use designated as Core Area Neighborhood (C-NHD), this property is set to be pre-zoned MF1, allowing up to 6 units (subject to city regulations)—a mix of duplexes, carriage homes, suites, or multifamily development. Whether building, investing, or holding for future value, this property offers rare flexibility. Walk to the downtown Cultural District, Okanagan Lake, schools, restaurants, Prospera Place, and major bike routes including the Rail Trail, Cawston, and Ethel corridors. A rare chance in a high-growth location. (id:43014)

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Full Address:
1233 Ethel Street, Kelowna, British Columbia
Price:
$ 760,000
MLS Number:
10352947
List Date:
June 20th, 2025
Neighbourhood:
Kelowna North
Lot Size:
0.1 ac
Year Built:
1947
Taxes:
$ 3,122

Property Details

Bedrooms:
3
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Flooring:
Hardwood, Carpeted
Heating:
Baseboard heaters, Stove, Electric, See remarks, Wood
Fireplaces:
1
Fireplace Type:
Free Standing Metal
Basement:
Crawl space

Interior Features

Storeys:
1.5
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Unknown
Exterior:
Stucco
Garage:
Surfaced
Ownership Type:
Freehold
Taxes:
$ 3,122

Building Features

Finished Area:
1312 sq.ft.

Floors

View:
Mountain view
Lot Size:
0.1 ac

Land

Neighbourhood Features

Ratings

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Agent: Liz AthansOffice: Macdonald Realty

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PRIME DEVELOPMENT OPPORTUNITY IN A GROWTH CORRIDOR Unlock the potential of this ideally located property in one of Kelowna’s most exciting redevelopment zones! Nestled between Richter Street and Gordon Drive, just steps from Clement Avenue, this lot lies within three Transit Supportive Corridors—offering excellent access and long-term value. The charming 1940s character home includes laneway […]
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1233 Ethel Street, Kelowna

Kelowna North/Downtown

Looking for a convenient place to call home, close to the action, the beach, great restaurants, shopping and more? Downtown Kelowna is the place for you. Kelowna North consists of Kelowna’s downtown. This is a great neighbourhood for those looking to live amongst the hustle and bustle of Kelowna. The area hosts some of Kelowna’s best restaurants and some fantastic shopping. City Centre Park offers some fantastic beaches and green spaces and is a frequent host to Kelowna’s many festivals and events. Kelowna North is a popular neighbourhood and has something for everyone. Much of Kelowna’s nightlife is concentrated in the downtown area, including pubs, movie theatres, live theatres, and much more. Kelowna North is also home to the Cultural District. The Cultural District is home to museums, art galleries, theatres and much more. You’ll find many older homes as well as newer condos, including the Madison, one of Kelowna’s most sought after condos. One of the most desirable features of this neighbourhood is walkability. Great locally owned shops and restaurants are just a short stroll away. Kelowna North is continuing to grow and is a great place for investors.

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