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PRIME DEVELOPMENT OPPORTUNITY! Centrally located FREEHOLD property in a highly sought-after area. Recently rezoned under the new Official Community Plan (OCP) as ""Westbank Urban Centre – Commercial Core Area B,"" allowing for high-density development with mid-rise to high-rise potential of up to 15 storeys. West Kelowna encourages urban centre builds, allowing for commercial use on the first two stories—perfect for mixed-use development. The second story and above will offer breathtaking lake, valley, and mountain views, adding significant value to any project. This corner lot spans 0.21 acres with 11,000 buildable square feet, featuring a large, fenced, and private yard. A lane along the side provides two access points, making it an ideal site for multi-family development or a six-plex. With a FAR of 1.2—significantly higher than Kelowna’s 0.08—this property offers excellent build potential. In the meantime, the existing home is well-suited for rental income, located just minutes from shopping, the lake, parks, recreation facilities, top schools, and on a major transit route. (id:45055)
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Property Details
MLS® Number 10361981 Property Type Single Family Neigbourhood Westbank Centre -
Building
BathroomTotal 1 BedroomsTotal 3 ArchitecturalStyle Bungalow ConstructedDate 1968 ConstructionStyleAttachment Detached CoolingType Central Air Conditioning HeatingType Forced Air StoriesTotal 1 SizeInterior 1,961 Ft2 Type House UtilityWater Municipal Water Carport -
Land
Acreage No Sewer Municipal Sewage System SizeIrregular 0.21 SizeTotal 0.21 Ac|under 1 Acre SizeTotalText 0.21 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Basement Den 11'6'' x 16'4'' Basement Bedroom 10'8'' x 12'4'' Main Level Bedroom 10' x 9' Main Level Full Bathroom 5' x 8' Main Level Primary Bedroom 13'3'' x 11'6'' Main Level Kitchen 10' x 8' Main Level Dining Room 8'4'' x 12'6'' Main Level Living Room 23'6'' x 16' -
Utilities
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November 12 2025 07:41:03
Association of Interior REALTORS®
Macdonald Realty
