1240 Klo Road

1,778 sqft

5
Beds

3
Baths

MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is a significant increase in the overall development area to 0.98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 3080 Holland Road, and 3090 Holland Road, as a land assembly. (id:67517)

• Property Details

  MLS® Number	10386481
  Property Type	Single Family
  Neigbourhood	Kelowna South
  AmenitiesNearBy	Public Transit, Park, Recreation, Schools, Shopping
  Features	Level Lot
  ParkingSpaceTotal	2

• Building

  BathroomTotal	3
  BedroomsTotal	5
  ArchitecturalStyle	Multi-level
  ConstructedDate	1968
  ConstructionStyleAttachment	Detached
  ConstructionStyleSplitLevel	Other
  CoolingType	See Remarks
  ExteriorFinish	Stucco
  HeatingFuel	Electric
  RoofMaterial	Asphalt Shingle
  RoofStyle	Unknown
  StoriesTotal	2
  SizeInterior	1,778 Sqft
  Type	House
  UtilityWater	Municipal Water

  Attached Garage

  2

• Land

  Acreage	No
  LandAmenities	Public Transit, Park, Recreation, Schools, Shopping
  LandscapeFeatures	Level
  Sewer	Municipal Sewage System
  SizeFrontage	134 Ft
  SizeIrregular	0.31
  SizeTotal	0.31 Ac|under 1 Acre
  SizeTotalText	0.31 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Primary Bedroom			11'3'' x 11'2''
  Second Level	Bedroom			11'9'' x 8'10''
  Second Level	Bedroom			11'9'' x 9'3''
  Second Level	4pc Bathroom			9'3'' x 7'1''
  Second Level	2pc Bathroom			6'0'' x 3'2''
  Basement	Recreation Room			18'5'' x 9'10''
  Basement	Kitchen			7'10'' x 10'9''
  Basement	Bedroom			10'9'' x 8'4''
  Basement	Bedroom			10'4'' x 8'3''
  Basement	4pc Bathroom			7'4'' x 4'5''
  Main Level	Storage			3'3'' x 7'4''
  Main Level	Living Room			13'8'' x 16'2''
  Main Level	Laundry Room			8'11'' x 5'11''
  Main Level	Kitchen			11'5'' x 8'7''
  Main Level	Dining Room			11'5'' x 9'1''

• Utilities