ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:51786)

• Property Details

  MLS® Number	10325846
  Property Type	Single Family
  Neigbourhood	Springfield/Spall
  Amenities Near By	Public Transit, Schools, Shopping
  Community Features	Family Oriented
  Features	Level Lot, See Remarks
  Parking Space Total	6

• Building

  Bathroom Total	2
  Bedrooms Total	3
  Appliances	Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer
  Architectural Style	Bungalow
  Basement Type	Full
  Constructed Date	1959
  Construction Style Attachment	Detached
  Exterior Finish	Stucco
  Fire Protection	Smoke Detector Only
  Fireplace Fuel	Unknown
  Fireplace Present	Yes
  Fireplace Type	Decorative
  Flooring Type	Carpeted, Laminate, Linoleum
  Heating Fuel	Electric
  Heating Type	Baseboard Heaters
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	1
  Size Interior	1840 Sqft
  Type	House
  Utility Water	Municipal Water

  See Remarks

• Land

  Access Type	Easy Access
  Acreage	No
  Fence Type	Fence
  Land Amenities	Public Transit, Schools, Shopping
  Landscape Features	Level
  Sewer	Municipal Sewage System
  Size Frontage	83 Ft
  Size Irregular	0.23
  Size Total	0.23 Ac|under 1 Acre
  Size Total Text	0.23 Ac|under 1 Acre
  Zoning Type	Unknown

• Rooms

  Level	Type	Length	Width	Dimensions
  Basement	Storage			6'0'' x 7'0''
  Basement	Family Room			21'0'' x 11'0''
  Main Level	Full Bathroom			Measurements not available
  Main Level	Bedroom			9'0'' x 11'0''
  Main Level	Primary Bedroom			10'5'' x 12'0''
  Main Level	Kitchen			9'5'' x 9'5''
  Main Level	Dining Room			10'5'' x 9'5''
  Main Level	Living Room			17'5'' x 11'5''
  Additional Accommodation	Full Bathroom			Measurements not available
  Additional Accommodation	Bedroom			9'0'' x 10'5''
  Additional Accommodation	Kitchen			10'0'' x 11'0''

• Utilities