PRIME DEVELOPMENT OPPORTUNITY! Centrally located FREEHOLD property in a highly sought-after area. Recently rezoned under the new Official Community Plan (OCP) as ""Westbank Urban Centre – Commercial Core Area B,"" allowing for high-density development with mid-rise to high-rise potential of up to 15 storeys. West Kelowna encourages urban centre builds, allowing for commercial use on the first two stories—perfect for mixed-use development. The second story and above will offer breathtaking lake, valley, and mountain views, adding significant value to any project. This corner lot spans 0.21 acres with 11,000 buildable square feet, featuring a large, fenced, and private yard. A lane along the side provides two access points, making it an ideal site for multi-family development or a six-plex. With a FAR of 1.2—significantly higher than Kelowna’s 0.08—this property offers excellent build potential. In the meantime, the existing home is well-suited for rental income, located just minutes from shopping, the lake, parks, recreation facilities, top schools, and on a major transit route. Quick possession possible! (id:51786)

• Property Details

  MLS® Number	10342448
  Property Type	Single Family
  Neigbourhood	Westbank Centre
  Amenities Near By	Park, Recreation, Schools, Shopping
  Community Features	Family Oriented
  Features	Level Lot, Treed, Corner Site
  Pool Type	Above Ground Pool

• Building

  Bathroom Total	1
  Bedrooms Total	3
  Appliances	Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer
  Architectural Style	Bungalow
  Basement Type	Full
  Constructed Date	1968
  Construction Style Attachment	Detached
  Cooling Type	Central Air Conditioning
  Exterior Finish	Wood Siding
  Fireplace Fuel	Wood
  Fireplace Present	Yes
  Fireplace Type	Conventional
  Flooring Type	Hardwood, Vinyl
  Heating Type	Forced Air, See Remarks
  Roof Material	Other
  Roof Style	Unknown
  Stories Total	1
  Size Interior	1961 Sqft
  Type	House
  Utility Water	Municipal Water

  R V

• Land

  Access Type	Easy Access, Highway Access
  Acreage	No
  Fence Type	Fence
  Land Amenities	Park, Recreation, Schools, Shopping
  Landscape Features	Landscaped, Level
  Sewer	Municipal Sewage System
  Size Frontage	69 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	Length	Width	Dimensions
  Basement	Den			11'6'' x 16'4''
  Basement	Bedroom			10'8'' x 12'4''
  Main Level	Bedroom			10'0'' x 9'0''
  Main Level	Full Bathroom			5'0'' x 8'0''
  Main Level	Primary Bedroom			13'3'' x 11'6''
  Main Level	Kitchen			10'0'' x 8'0''
  Main Level	Dining Room			8'4'' x 12'6''
  Main Level	Living Room			23'6'' x 16'0''

• Utilities