THIS IS A LAND ASSEMBLY. It's comprised of 4 lots (1206, 1216, 1220, 1230 Ethel St) & the total list price is $6,999,999. See residential listings for 1216 Ethel (MLS# 10273297), 1220 Ethel (MLS# 10273298), 1230 Ethel (MLS# 10273299). Approx rental income/month = +$14,500. All 4 lots are 0.15 acres (6,534 SF) = 0.60 acres (26,136 SF) total. 1206 Ethel St offers 44ft (13m) of frontage on Ethel St and 143ft (43m) of frontage on Clement Ave. Total perimeter of the 4 lots = 143' x 178'. Designated C-NHD in the OCP, situated along a TSC, potential rezoning to MF3/CA1, potential base density of 1.8 FAR with up to an additional 0.80 FAR in bonuses =max 2.6 FAR. Benefiting from frontage on Clement Ave, a developer can potentially BUILD UP TO 12 STOREYS. Sellers make no representation/warranties regarding details of the structures. Info on structures is not correct. Buyer to confirm details during due diligence. Selling for LAND VALUE. Jump on this rare opportunity to secure your legacy & contribution to downtown Kelowna's evolving skyline. (id:22446)
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