1240 KLO Road, Kelowna, BC V1V2V6
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1240 KLO Road, Kelowna, BC V1V2V6
1240 KLO Road, Kelowna, BC V1V2V6
1240 KLO Road, Kelowna, BC V1V2V6
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Mathieu Bedard

Mathieu Bedard

+1(250) 801-9700
$ 2,600,000
Est. payment /mo
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Active

1240 KLO Road Kelowna, BC V1V2V6

5 Beds

3 Baths

1,778 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1778

Square Footage 1,778 sqft

Price per Sqft $1,462

Subdivision Kelowna South

MLS® Listing ID 10386481

Style Multi-level

Bedrooms 5

Year Built 1968

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Freehold

Property Description

MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna's rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is a significant increase in the overall development area to 0.98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 3080 Holland Road, and 3090 Holland Road, as a land assembly. (id:24570)

Location

Province BC

Rooms

Kitchen 2.0

Extra Room 1 Second level 11'3'' x 11'2'' Primary Bedroom

Extra Room 2 Second level 11'9'' x 8'10'' Bedroom

Extra Room 3 Second level 11'9'' x 9'3'' Bedroom

Extra Room 4 Second level 9'3'' x 7'1'' 4pc Bathroom

Extra Room 5 Second level 6'0'' x 3'2'' 2pc Bathroom

Extra Room 6 Basement 18'5'' x 9'10'' Recreation room

Interior

Cooling See Remarks

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

View Y/N No

Roof Type Unknown

Attached Garage Yes

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Lot Description Level

Story 2

Sewer Municipal sewage system

Architectural Style Multi-level

Others

Ownership Freehold

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Listed by Royal LePage Kelowna

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Mathieu Bedard

Mathieu Bedard

Agent / Team Leader | License ID: 1240875

+1(250) 801-9700

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1240 KLO Road