1220 K.l.o Road,Kelowna, BC V1W3P9
Kelowna, BC V1W3P9
Description
STRATEGIC LAND ASSEMBLY OPPORTUNITY IN KELOWNA'S KLO CORRIDOR Rare opportunity to acquire a strategically positioned parcel within a three- or four-property land assembly located in Kelowna's rapidly evolving KLO Road corridor. Situated within a designated Transit Supportive Corridor, 1220 KLO Road forms part of a broader redevelopment opportunity that includes neighbouring properties with Council-approved MF3 rezonings. City planning discussions have indicated support for extending a similar redevelopment framework across the balance of the assembly (buyer to independently verify). A preliminary concept package is available outlining a potential six-storey, 79-unit multi-family development currently achieving approximately 2.05 FAR, with potential for increased density through available incentives and design optimization (buyer to verify) up to a 2.305 FAR. The vendor's pricing objective is based on $79 per buildable square foot, calculated on approved density achieved through the development process. The advertised list price should be considered indicative only and subject to adjustment based on final approved buildable area. location - The assembly benefits from proximity to transit, schools, shopping, employment centres, parks, and major transportation routes. Serious developer inquiries only. Preliminary concepts and assembly information available upon request. (id:13843)
Details
| MLS # | 10392834 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1968 |
| Days On Site | 97 |
| Listing Provided By | Century 21 Assurance Realty Ltd | Chris Kotscha |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,187 |
| Car Port | Yes |
| Story(s) | 1 |
| Acreage | 0.36 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Parking
| Parking Features | Carport |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3150.57 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1W3P9 |
| Listing VS Median (in V1W3P9) | |
Price: $2,488,000 low | high Med: $2,488,000 sqft: 1,187 low | high Med: 1,187 $ / sqft: $2,096 low | high Med: $2,096 On site: 97 low | high Med: 97 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1W3P9 |
| Listing VS Median (in V1W3P9) | |
Price: $2,488,000 low | high Med: $2,488,000 sqft: 1,187 low | high Med: 1,187 $ / sqft: $2,096 low | high Med: $2,096 On site: 97 low | high Med: 97 | |
