424 Newsom Avenue

2,756 sqft

4
Beds

3
Baths

A rare opportunity to acquire a prime development site in the heart of Kelowna's South Pandosy Urban Centre. Zoned UC5, this 6,044 sq ft lot (79 x 76.5 ft) with laneway access is surrounded by new construction on all sides, with several neighbouring parcels already cleared and shovel ready, a clear signal of where this corridor is heading. UC5 zoning permits mixed-use development up to 8 storeys as of right, with density bonusing available up to 11 storeys. No rezoning required. The City of Kelowna has identified this node as a primary growth area under the 2040 OCP, making this an exceptionally well positioned holding for any developer or investor looking to enter one of BC's most active mid-size urban markets. Steps to Okanagan Lake, the Pandosy Village commercial strip, Kelowna General Hospital, and transit. The existing two storey home with pool generates income while you plan. Hold, assemble, or build. Land assembly potential exists with neighbouring properties. Opportunities like this in an established urban centre with this level of surrounding development activity are increasingly rare. (id:67517)

• Property Details

  MLS® Number	10396885
  Property Type	Single Family
  Neigbourhood	Kelowna South
  PoolType	Inground Pool, Outdoor Pool, Pool

• Building

  BathroomTotal	3
  BedroomsTotal	4
  ConstructedDate	1947
  ConstructionStyleAttachment	Detached
  CoolingType	Wall Unit
  HeatingType	Forced Air
  StoriesTotal	2
  SizeInterior	2,756 Sqft
  Type	House
  UtilityWater	Municipal Water

  Additional Parking
  Street
  Other

• Land

  Acreage	No
  Sewer	Municipal Sewage System
  SizeIrregular	0.14
  SizeTotal	0.14 Ac|under 1 Acre
  SizeTotalText	0.14 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	3pc Ensuite Bath			11' x 8'
  Second Level	Bedroom			19'5'' x 10'4''
  Second Level	Bedroom			15' x 10'4''
  Second Level	4pc Bathroom			7'6'' x 7'
  Second Level	Primary Bedroom			19'5'' x 11'5''
  Second Level	Bedroom			15'6'' x 10'4''
  Main Level	3pc Bathroom			7'10'' x 6'3''
  Main Level	Living Room			23'9'' x 15'
  Main Level	Kitchen			14' x 10'3''
  Main Level	Dining Nook			11' x 6'
  Main Level	Family Room			19' x 15'
  Main Level	Dining Room			13'8'' x 9'

• Utilities