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$2,488,000

Est. payment - /mo

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1 Bed

2 Baths

1,187 SqFt

Active

1220 K.L.O Road Kelowna, BC V1W3P9

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Andrew Loewen

andrew.loewen@exprealty.com +1(250) 801-6713

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1187

Square Footage 1,187 sqft

Price per Sqft $2,096

Subdivision Kelowna South

MLS® Listing ID 10392834

Style Contemporary

Bedrooms 1

Year Built 1968

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type Freehold

Property 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. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Main level 10' x 14' Primary Bedroom

Extra Room 2 Main level 10' x 5' Full bathroom

Extra Room 3 Main level 14' x 10' Kitchen

Extra Room 4 Main level 12' x 10' Full bathroom

Extra Room 5 Main level 14' x 10' Living room

Interior

Heating Baseboard heaters

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Garage Yes

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Architectural Style Contemporary

Others

Ownership Freehold

Listed by Century 21 Assurance Realty Ltd

NEARBY SCHOOL & BUSINESS

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Andrew Loewen

Agent License ID: 181959

+1(250) 801-6713

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1220 K.L.O Road Kelowna, BC V1W3P9

Andrew Loewen

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1220 K.L.O Road