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1225 Mountain Avenue, Kelowna

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. 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 Schools, and the coffee shops, craft breweries & restaurants in the growing brewery district. (id:43014)

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Full Address:
1225 Mountain Avenue, Kelowna, British Columbia
Price:
$ 2,995,000
MLS Number:
10271549
List Date:
April 5th, 2023
Neighbourhood:
Glenmore
Lot Size:
1.28 ac
Taxes:
$ 5,311

Property Details

Interior Features

Roof:
Conventional
Zoning:
Unknown
Ownership Type:
Leasehold
Taxes:
$ 5,311

Building Features

Floors

Lot Size:
1.28 ac
Current Use:
Development residential

Land

Neighbourhood Features

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Agent: Kris McLaughlinOffice: RE/MAX Kelowna

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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 […]
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1225 Mountain Avenue, Kelowna

Glenmore

Surrounded by orchards and acreages, Glenmore real estate is beautifully secluded and perfect for families. You’ll find three of Kelowna’s most established communities within this neighbourhood: Wilden, McKinley, and Magic Estates. Own your ideal home, in a lively community located near everything you need. Enjoy contemporary designs that maximize space and smart amenities for modern living. It's a shortcut home from downtown, uptown, UBC Okanagan, schools, shopping, transit, parks and the rest of your world.

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