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Katharina Lenz

katharina@lenz-homes.ca +1(506) 269-3975

$ 1,199,000

Est. payment | -/mo

3 Beds

2 Baths

1,480 SqFt

Save

$ 1,199,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,480 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1480

Square Footage 1,480 sqft

Price per Sqft $810

Subdivision Kelowna South

MLS® Listing ID 10370789

Style Ranch

Bedrooms 3

Year Built 1948

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Freehold

Property Description

Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna's most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today's rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna's fastest-growing urban pockets. Whether you're an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Main level 9'9'' x 15'6'' Family room

Extra Room 2 Main level 7'0'' x 6'0'' Laundry room

Extra Room 3 Main level 5'6'' x 6'5'' 3pc Bathroom

Extra Room 4 Main level 8'0'' x 9'5'' Bedroom

Extra Room 5 Main level 9'6'' x 13'0'' Bedroom

Extra Room 6 Main level 8'0'' x 8'4'' 4pc Bathroom

Interior

Heating Baseboard heaters,

Flooring Laminate

Exterior

Parking Features No

Fence Fence

Community Features Rentals Allowed

View Y/N No

Roof Type Unknown

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Lot Description Level

Story 1

Sewer Municipal sewage system

Architectural Style Ranch

Others

Ownership Freehold

Listed by Oakwyn Realty Okanagan-Letnick Estates

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(506) 269-3975

katharina@lenz-homes.ca

Learn More About LPT Realty

894 Morrison Avenue Kelowna, BC V1Y5E5