MF4-zoned redevelopment opportunity located just steps from the lake in the highly desirable Pandosy–Abbott corridor. This property offers exceptional medium- to high-density development potential, including the ability to develop up to 16 townhomes or a four-story apartment building with approximately 50 units, subject to City approvals. There is also potential to subdivide into two single-family lots, providing multiple exit and development strategies. The site is improved with a well-maintained estate-style rancher, allowing for holding income while redevelopment plans are pursued. The existing improvements include a 3-bedroom, 2-bathroom residence, a double detached garage with studio above suitable for extended family or rental use, and a substantial 28’ x 24’ detached garage/workshop featuring a wash sink, full second level, bonus room, full bathroom, and cabinetry with kitchen sink. The property is fully fenced with private gated access and features mature landscaping, adding value during the holding period. The location benefits from excellent walkability and proximity to the lake, Kelowna General Hospital, shopping, transit, and key amenities. This offering presents a rare opportunity to acquire a strategically located MF4 site with strong density potential, interim income, and long-term redevelopment upside in one of Kelowna’s most sought-after urban neighbourhoods. (id:4069)
Address
2065 Long Street
List Price
$2,799,999
Property Type
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Lot Size
0.44 Sq. Ft.
Frontage Length
94 ft
MLS® Number
10391722
Listing Brokerage
Realtymonx
Postal Code
V1Y1L3
Ownership
Freehold
Parking Places (Total)
12
Site Influences
Park, Recreation, Schools, Shopping
Features
Level lot, Private setting
Community Features
Family Oriented
Heat Source
Electric
Heat Type
Baseboard heaters, See remarks
Cooling Features
Central air conditioning
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
