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1225 Mountain Avenue Kelowna, British Columbia V1Y 7G9

Acreage

$2,995,000

This 1.275-acre 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 potential to rezone to MF1 – Infill Housing, a zone that provides for infill development but limits development to ground-oriented housing of 2 storeys. Preliminary plans indicate 16 units total including ten 3-bedroom townhouses and six 4-bedroom townhouses. 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 & restaurants in the growing brewery district. (id:52800)

Property Details

MLS® Number 10271549
Property Type Vacant Land
Neigbourhood Glenmore

Building

Type Other

Land

Acreage Yes
Current Use Development Residential
Size Irregular 1.28
Size Total 1.28 Ac|1 - 5 Acres
Size Total Text 1.28 Ac|1 - 5 Acres
Zoning Type Unknown

https://www.realtor.ca/real-estate/25439154/1225-mountain-avenue-kelowna-glenmore

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