1240 KLO Road, Kelowna, British Columbia V1V2V6

Property Description

DEVELOPMENT OPPORTUNITY IN LOWER MISSION, close to the LAKE/ BEACHES, amenities, public transit, popular SOUTH PANDOSY (shopping, restaurants, great coffee shops) and so much more! LAND ASSEMBLY with 3040 Holland Road. These two large lots combine to measure approximately 200' x 135', ideally suited for a CONDO or TOWNHOME DEVELOPMENT. Both properties are located within the OCP (Official Community Plan) future land use of CORE AREA- Neighbourhood, and are located on a TRANSIT SUPPORTIVE CORRIDOR (K.L.O. ROAD). Based on analysis of the highest and best use of the subject properties being consolidated, it has been suggested that stacked townhouses, a condominium or mixed use development would be recommended. It is expected that 6 stories would be supported for any proposed multi unit building, with an estimated maximum Floor Area Ratio of to 2.05. A great location for a development; centrally located within Kelowna and walking distance to the LAKE/ BEACHES, amenities, public transit, recreation, schools, Okanagan College and so much more. If you're considering holding the property until developing it, there are 3 sources of revenue as the 1240 KLO home includes a basement suite and 3090 Holland has a great updated home. Both homes include abundant parking options and are well suited as rental properties. Must be sold in conjunction with 3090 Holland Road. (id:25314)