1230 Ethel Street, Kelowna, British Columbia V1Y2W5

Property Description

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 commercial listing (10273361). Approx rental income/month = +$14,500. All 4 lots are 0.15 acres (6,534 SF) = 0.60 acres (26,136 SF) total. 1220 Ethel St offers 44ft (13m) of frontage on Ethel St and 143ft (43m) of frontage (via 1206 Ethel) on Clement Ave (a TSC). 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 (TSC), a developer can potentially BUILD UP TO 12 STOREYS. Located in the mecca of downtown development, don't waver on this incredible opportunity to supply housing to an influx of: UBCO students, savvy investors, & city slickers eager to own a piece of Kelowna's urban revolution. 1 hour to Big White, 20 minutes to YLW international airport, 16 minutes to UBCO (on University Way) 2 minutes to the future downtown UBCO campus, & walking distance to groceries, shopping, restaurants, entertainment, parks, and beaches. 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:25314)