This expansive 9-bedroom, 3-bathroom property with a single garage and alleyway access offers incredible potential for development. Zoned MF4, this site is primed for multi-family development. And with a land assembly, up to 6 stories can be built. While the house itself is in poor condition and a tear down, an estimated renovation quote of $177,000 is available should you choose to restore the property. A detailed proposal can be shared upon request. Alternatively, the property could serve as a boarding home in its current state, if renovated. The seller has already prepared development plans for a triplex, featuring a duplex with rear access and a charming detached home at the front. Once built, the three units could be sold separately. Located in a highly sought-after and rapidly developing area, this property is just 450 meters from KGH. For even greater potential, consider combining with neighboring properties to pursue up to a 6-story development approval. Demolition costs are approximately $25,000 (with a quote available), and there is NO ASBESTOS on the premises. A pre-demolition inspection report is available to verify this. This is a prime location and lot, offering a wealth of opportunities for the savvy investor or developer. The appraisal of this property is $1.35 Million and a copy is attached in supplement. Pictures are of the completed product once constructed. (id:51786)

• Property Details

  MLS® Number	10338668
  Property Type	Single Family
  Neigbourhood	Kelowna South

• Building

  Bathroom Total	3
  Bedrooms Total	9
  Architectural Style	Bungalow
  Basement Type	Full
  Constructed Date	1930
  Construction Style Attachment	Detached
  Exterior Finish	Stucco
  Heating Fuel	Electric
  Heating Type	Baseboard Heaters, Forced Air, See Remarks
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	1
  Size Interior	2367 Sqft
  Type	House
  Utility Water	Municipal Water

  Street

• Land

  Acreage	No
  Sewer	Municipal Sewage System
  Size Frontage	48 Ft
  Size Irregular	0.13
  Size Total	0.13 Ac|under 1 Acre
  Size Total Text	0.13 Ac|under 1 Acre
  Zoning Type	Unknown

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Bedroom			10'2'' x 9'6''
  Second Level	Bedroom			11'0'' x 10'0''
  Basement	Bedroom			9'8'' x 9'2''
  Basement	Bedroom			10'4'' x 10'2''
  Basement	Bedroom			10'2'' x 9'6''
  Basement	Bedroom			10'0'' x 9'0''
  Basement	4pc Bathroom			Measurements not available
  Basement	Kitchen			13'0'' x 10'0''
  Main Level	Bedroom			11'2'' x 9'7''
  Main Level	4pc Bathroom			Measurements not available
  Main Level	Primary Bedroom			12'0'' x 12'0''
  Main Level	Bedroom			10'0'' x 9'2''
  Main Level	4pc Bathroom			Measurements not available
  Main Level	Dining Room			11'0'' x 11'0''
  Main Level	Living Room			16'0'' x 15'0''

• Utilities