Presenting a rare investment opportunity in the heart of Kelowna. This expansive 16,000+ square foot lot is perfectly poised for future condo development. Located next to a site already approved for 107 rental condo units, this parcel offers immense potential for developers looking to capitalize on Kelowna's growing demand for residential space. Currently zoned MF1, this property has the potential to be rezoned to MF3 or MF3r, similar to the neighboring development, allowing for a significant increase in development density. Large parcels like this are rare to come by, offering the advantage of purchasing a single lot to develop on versus complex land assemblies. Prospective buyers are advised to conduct their own due diligence and confirm details with the City of Kelowna. (id:43014)
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This area is all about location, location, location! Close to shopping, medical services and halfway between downtown and Orchard Park Mall, Springfield/Spall has an excellent walk score and there are many public transportation routes in the area. This is a mature neighbourhood with some redevelopment happening in the area now as some parts are becoming higher density. Kelowna’s technology hub is situated here and there is an energetic and vibrant vibe here.
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