1220 K.L.O Road
Kelowna, British Columbia
MLS® 10392834
$2,488,000
- Status
- Active
- Property type
- House
- MLS® number
- 10392834
- Bedrooms
- 1
- Bathrooms
- 2
- Year built
- 1968
1 / 5Listing description
STRATEGIC LAND ASSEMBLY OPPORTUNITY IN KELOWNA'S KLO CORRIDOR Rare opportunity to acquire a strategically positioned parcel within a three- or four-property land assembly located in Kelowna's rapidly evolving KLO Road corridor. Situated within a designated Transit Supportive Corridor, 1220 KLO Road forms part of a broader redevelopment opportunity that includes neighbouring properties with Council-approved MF3 rezonings. City planning discussions have indicated support for extending a similar redevelopment framework across the balance of the assembly (buyer to independently verify).
A preliminary concept package is available outlining a potential six-storey, 79-unit multi-family development currently achieving approximately 2. 05 FAR, with potential for increased density through available incentives and design optimization (buyer to verify) up to a 2. 305 FAR.
The vendor's pricing objective is based on $79 per buildable square foot, calculated on approved density achieved through the development process. The advertised list price should be considered indicative only and subject to adjustment based on final approved buildable area. location - The assembly benefits from proximity to transit, schools, shopping, employment centres, parks, and major transportation routes.
Serious developer inquiries only. Preliminary concepts and assembly information available upon request.
Property summary
- MLS® number
- 10392834
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,187 sq ft
- Title
- Freehold
- Land size
- 0.36 acres
- Built in
- 1968
- Annual property taxes
- $3,150.57
- Parking
- Carport
- Days on market
- 60 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Central air conditioning
- Architectural style
- Contemporary
What would this home cost you?
Based on the $2,488,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Assurance Realty Ltd, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.