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1220 K.L.O Road, Kelowna

MLS® #10392834
About this Property

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:62865)

Property Information

Status

Active

Year Built

1968

Property Type

House

Ownership

Freehold

Annual Tax

$3,151

Parcel Number

008-344-094

Data Source

Association of Interior REALTORS®

Interior Details

Bedrooms

1

Bathrooms

2

Living Area

1187 square feet

Architectural Style

Contemporary

Exterior & Lot

Lot Size

0.36 acres

Building & Utilities

Heating

Baseboard heaters

Cooling

Central air conditioning

Water Source

Municipal water

Sewer

Municipal sewage system

$2,488,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
1Beds
2Baths
1187sqft
Listing Courtesy of

Office

Century 21 Assurance Realty Ltd

Mortgage Calculator
$497,600

Loan Amount:

$1,990,400

Estimated Monthly Payment:

$9,700

This is an estimate for informational purposes only. Consult with a financial advisor.