240 Pemberton Road, Kelowna | $1,855,000

Prime Development Opportunity in a Highly Desirable Location! 4 Bed + Den | 3 Bath | 2250 Sq Ft | 2-3 Motorhome Parking Spaces This expansive home presents an incredible opportunity for investors and developers, offering generous living space and multiple potential uses. With a prime location that???s walking distance to markets, transit, schools, and just a 20-minute bus ride to UBCO or Okanagan College, this property is ready for its next chapter! Key Features: 4 Bedrooms + Den/Office 3 Bathrooms on Main Floor Extra Large Basement Rec Room ??? Additional living space Basement Den/Office/Bedroom with large window and closet Total Living Space: 2250 sq ft Driveway Space: Accommodates up to 2-3 motorhomes or 4 vehicles Two Decks: One off the kitchen and another attached to the primary bedroom, ideal for a potential rental suite Overlooks a Beautiful Park Cambie Road Frontage with Lane Access at the rear Perfect for Development: This property is part of a consolidation of 5 properties (215-225 Cambie Rd and 210-230-240 Pemberton Rd) and is located in a prime transit-oriented area. With the UC-Urban zoning under the new Provincial Legislation, this site allows for 2.5 FAR and offers potential for 6-story construction. Whether you???re looking to hold, renovate, or explore development opportunities, this is a rare find in a fast-growing neighborhood.

Description

Prime Development Opportunity in a Highly Desirable Location! 4 Bed + Den | 3 Bath | 2250 Sq Ft | 2-3 Motorhome Parking Spaces This expansive home presents an incredible opportunity for investors and developers, offering generous living space and multiple potential uses. With a prime location that???s walking distance to markets, transit, schools, and just a 20-minute bus ride to UBCO or Okanagan College, this property is ready for its next chapter! Key Features: 4 Bedrooms + Den/Office 3 Bathrooms on Main Floor Extra Large Basement Rec Room ??? Additional living space Basement Den/Office/Bedroom with large window and closet Total Living Space: 2250 sq ft Driveway Space: Accommodates up to 2-3 motorhomes or 4 vehicles Two Decks: One off the kitchen and another attached to the primary bedroom, ideal for a potential rental suite Overlooks a Beautiful Park Cambie Road Frontage with Lane Access at the rear Perfect for Development: This property is part of a consolidation of 5 properties (215-225 Cambie Rd and 210-230-240 Pemberton Rd) and is located in a prime transit-oriented area. With the UC-Urban zoning under the new Provincial Legislation, this site allows for 2.5 FAR and offers potential for 6-story construction. Whether you???re looking to hold, renovate, or explore development opportunities, this is a rare find in a fast-growing neighborhood.

General Info


MLS Listing ID: 10332366 Bedrooms: 4 Bathrooms: 3 Year Built: 1965
Parking: Surfaced Heating: Forced air, See remarks Lotsize: 0.21 ac|under 1 acre Air Conditioning : See Remarks
Home Style: N/A Finished Floor Area: Carpeted, Laminate, Vinyl Fireplaces: N/A Basement: N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .