Coons Prec*
1631 Dickson Ave, Suite 1100
Kelowna, BC
Canada V1Y 0B5
Details
Address | 1254 Sutherland Avenue |
Area | Central Okanagan |
Sub Area | KS - Kelowna South |
State/Province | British Columbia |
Country | Canada |
Price | $1,450,000 |
Property Type | Single Family - Detached |
Floors in Building | 0 |
Bedrooms | 1 |
Bathrooms | 0 |
Half Baths | 0 |
Floor Space | 2364 Square Feet |
Lot Size | 0.21 Acres |
Year Built | 1960 |
Taxes | $4,370 |
Tax Year | 2023 |
MLS® # | 10277067 |
Prime development parcel in the evolving Capri neighborhood, ideally positioned for a visionary developer. This 0.21-acre site, with the potential for more homes to join in has a 2,364 Sq ft, 5-bedroom house featuring a 1-bedroom suite, offers a unique investment opportunity. The area is transitioning from single-family to multi-family residences, with the Official Community Plan supporting constructions up to 6 storeys. Zoned UC2, it allows a base FAR of 1.8, with potential bonuses up to 2.35, perfect for a substantial project. Located on Sutherland Ave, merely steps away from the Capri Shopping Centre, this property guarantees unmatched convenience with shops, dining, and services a short walk away. Adding to its appeal is a transit stop directly in front, which aligns with potential for higher density with the provincial/City bylaw changes in response SSMUH legislation. This lot represents a strategic investment for those looking to capitalize on Kelowna's growth, offering both a solid holding property and a future development goldmine.