3090 HOLLAND Road
Kelowna, British Columbia
MLS® 10386480
$2,600,000
- Status
- Active
- Property type
- House
- MLS® number
- 10386480
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1966
1 / 3Listing description
MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna).
FAR of 2. 05 for residential development - and utilizing the available rental bonus, an FAR of up to 2. 35 is achievable.
In conjunction with the neighboring MF3-zoned lot, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is a significant increase in the overall development area to 0. 98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes.
The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 1240 KLO Road, and 3080 Holland Road, as a land assembly.
Property summary
- MLS® number
- 10386480
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,176 sq ft
- Title
- Freehold
- Land size
- 0.31 acres
- Built in
- 1966
- Annual property taxes
- $3,871.00
- Parking
- Carport
- Days on market
- 109 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- See Remarks
- Lot features
- Cul-de-sac, Corner Site
- Architectural style
- Ranch
What would this home cost you?
Based on the $2,600,000 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 Royal LePage Kelowna, 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.