1225 Mountain Avenue, Kelowna, BC, British Columbia | RE/MAX Kelowna Stone Sisters
Follow Us On

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:43014)

Share this Listing:

Price:
$ 2,995,000
MLS® Number:
10265573
Full Address:
1225 Mountain Avenue, Kelowna, BC, British Columbia, V1Y7G9
List Date:
November 25th, 2022
Lot Size:
1.275 ac|1 - 5 acres
Neighbourhood:
Glenmore
Transaction Type:
For sale

Property Specifications

Neighbourhood Details

View On Map

Agent: Kris McLaughlin | Office: RE/MAX Kelowna

Schedule a Viewing

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....
Send us a Message

Neighbourhood Info

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.

Learn More

Similar Listings

#4, 5, 6 3302 Appaloosa Road, Kelowna

$3,000,000

5401/03 McCulloch Road, Kelowna

$2,999,000

#c/o 14 1470 Harvey Avenue, Kelowna

$2,999,000
More Listings in this Price Range
Copyright ©  2021 RE/MAX Kelowna Stone Sisters Real Estate | Legal Sitemap |
crosscross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram