945 Rutland Road N, Kelowna | $2,799,900

DEVELOPMENT PROPERTY located on the TRANSIT SUPPORTIVE CORRIDOR!! This .53 acre (23,087 SF) site with LANE ACCESS was originally planned for a townhouse development but the City has indicated that MF3 (Apartment Housing) would be the most appropriate zone with the potential for up to 6 stories and base density of 1.8 FAR with additional bonuses available. The current zoning is MF2 (Townhouse Housing) and the 2040 OCP is C-NHD (Core Area Neighborhood). This is as close to a turn key development opportunity as it gets!!

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Description

DEVELOPMENT PROPERTY located on the TRANSIT SUPPORTIVE CORRIDOR!! This .53 acre (23,087 SF) site with LANE ACCESS was originally planned for a townhouse development but the City has indicated that MF3 (Apartment Housing) would be the most appropriate zone with the potential for up to 6 stories and base density of 1.8 FAR with additional bonuses available. The current zoning is MF2 (Townhouse Housing) and the 2040 OCP is C-NHD (Core Area Neighborhood). This is as close to a turn key development opportunity as it gets!!

General Info

MLS Listing ID: 10332786 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Parking: N/A Heating: N/A Lotsize: 0.53 ac|under 1 acre Air Conditioning : N/A

Amenities/Features

  • Level lot

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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 .