1254 Sutherland Avenue | $1,450,000
Mark Coons Prec* Agent Photo
Mark
Coons Prec*
EXP REALTY (KELOWNA)
1631 Dickson Ave, Suite 1100
Kelowna, BC
Canada V1Y 0B5

Details

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Years (35 year max)
Years



Address 1254 Sutherland Avenue
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,450,000
Property TypeSingle Family - Detached
Floors in Building0
Bedrooms1
Bathrooms0
Half Baths0
Floor Space2364 Square Feet
Lot Size0.21 Acres
Year Built1960
Taxes $4,370
Tax Year2023
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.

Location

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Data Source: Statistics Canada
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