GLENMORE RESIDENTIAL LAND ASSEMBLY | $6,504,120
1397 EDGEWOOD DRIVE | 1399 EDGEWOOD DRIVE | 4105 EDGEWOOD DRIVE | 4015 EDGEWOOD DRIVE
Redevelopment land assembly site in Glenmore - Currently zoned "RU6 - Two Dwelling Housing" , the offered properties include three lots on four titles totaling approximately .99 acres. 1397 Edgewood Drive and 1399 Edgewood Drive is a stratified Duplex offering .44 acres, 4105 Edgewood Drive with 0.246 acres, and 1415 Edgewood Drive with .304 acres of land. The assembled properties sit in a Core Area Neighborhood (C- NHD) as per the 2040 City of Kelowna Official Community Plan and are located in a well established residential area in the Glenmore neighborhood of Kelowna.
The properties have frontage onto Edgewood Drive and are located approximately 0.55km (550 meters) away from Bernard Ave which is a designated Transit Supportive Corridor. They sit down the road from Bankhead and Duggan Park and offer proximity to the Kelowna's Golf and Country Club, the Apple Bowl, Parkinson Rec Center and many other city amenities.
The current use of the properties is not the highest and best use available. Currently, The City of Kelownas Zoning Bylaw #12375 is in the process of review and is anticipated to replace the existing Zoning Bylaw 8000. Under this new bylaw, the zone should become RU4- Duplex Housing which will allow for Duplex and Semi-Detached Housing. Given the City of Kelownas priority for high density housing in C-NHD zones, there is further potential to rezone the properties to either MF1 - Infill Housing or MF2 - Townhouse Housing Zone.
FOR MORE INFORMATION PLEASE CONTACT
Scott Marshall PREC* | 250-470-2388 or [email protected]