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1254 Sutherland Avenue Kelowna, British Columbia V1Y 5Y3

1 Bedroom 2364 sqft

$1,450,000

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. (id:41053)

Property Details

MLS® Number 10277067
Property Type Single Family
Neigbourhood Kelowna South
Community Features Pets Allowed, Rentals Allowed

Building

Bedrooms Total 1
Constructed Date 1960
Construction Style Attachment Detached
Size Interior 2364 Sqft
Type House
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 75 Ft
Size Irregular 0.21
Size Total 0.21 Ac|under 1 Acre
Size Total Text 0.21 Ac|under 1 Acre
Zoning Type Unknown

Rooms

Level Type Dimensions
Main Level Living Room 1'0'' x 1'0''
Main Level Kitchen 1'0'' x 1'0''
Main Level Primary Bedroom 1'0'' x 1'0''

https://www.realtor.ca/real-estate/25714894/1254-sutherland-avenue-kelowna-kelowna-south

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