3090 HOLLAND Road

About this home

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 available 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 1240 KLO Road, and 3080 Holland Road, as a land assembly. (id:66966)

Details

Type

Detached

Style

Ranch

Size

1176 sq ft

Property tax

$3,871

Neighbourhood

Kelowna South

Municipality

Kelowna

Interior

Fireplace

No

Heating, cooling and services

Heating

Baseboard heaters

Air conditioning

See Remarks

Water and sewer

Municipal sewage system

Building and exterior

Style

Ranch

Year built

1966

Parking

Driveway and parking

Carport

Rooms

Location

Location is approximate. See nearby homes on the map