1.275 ACRE RESIDENTIAL PROPERTY WITH REDEVELOPMENT POTENTIAL
1225 Mountain Avenue
Kelowna, BC V1Y7G9
Property Type:Residential Land Development
Last Verified:Aug 09, 2023
RESIDENTIAL PROPERTY WITH REDEVELOPMENT POTENTIAL THRU DENSIFICATION & INFILL This 1.275 acre property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Current zoning is RU1 with the OCP2040 Future Land Use of C-NHD. There is potential to rezone to SF-RU5 for multiple single-family homes or MF2 for townhomes, similar to an adjacent property at 1170 Brant Ave where individual 1,588 SF units have recently sold for $750,000. The existing 2,496 SF, 5-bedroom, 3 bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Bankhead Elementary School, and the coffee shops, craft breweries & restaurants in the growing brewery district.