Prime development parcel in the evolving Capri neighborhood, ideally positioned for a visionary developer. This 0.21-acre site, with the potential for more homes to join in has a 2,364 Sq ft, 5-bedroom house featuring a 1-bedroom suite, offers a unique investment opportunity. The area is transitioning from single-family to multi-family residences, with the Official Community Plan supporting constructions up to 6 storeys. Zoned UC2, it allows a base FAR of 1.8, with potential bonuses up to 2.35, perfect for a substantial project. Located on Sutherland Ave, merely steps away from the Capri Shopping Centre, this property guarantees unmatched convenience with shops, dining, and services a short walk away. Adding to its appeal is a transit stop directly in front, which aligns with potential for higher density with the provincial/City bylaw changes in response SSMUH legislation. This lot represents a strategic investment for those looking to capitalize on Kelowna's growth, offering both a solid holding property and a future development goldmine. (id:22446)
1254 Sutherland Avenue
Listing Details
Property Details
- Full Address:
- 1254 Sutherland Avenue, Kelowna, British Columbia
- Price:
- $ 1,450,000
- MLS Number:
- 10277067
- List Date:
- June 14th, 2023
- Neighbourhood:
- Kelowna South
- Lot Size:
- 0.21 ac
- Year Built:
- 1960
- Taxes:
- $ 4,370
Interior Features
- Bedrooms:
- 1
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Zoning:
- Unknown
- Ownership Type:
- Freehold
- Taxes:
- $ 4,370
Floors
- Finished Area:
- 2364 sq.ft.
Land
- Lot Size:
- 0.21 ac
Neighbourhood Features
- Amenities Nearby:
- Pets Allowed, Rentals Allowed