1230 Highway 33 Other West, Kelowna, British Columbia V1X1Z4

Property Description

Highway 33 development opportunity on a designated Transit Supportive Corridor. This 0.123-acre MF1 parcel may also offer the opportunity to form a larger, more functional multi-unit housing site when combined with the adjoining property, which may also be available. The property includes an existing 2-bedroom, 1-bathroom home with vacant possession available. The primary value is in the land. A Statutory Right of Way is registered across the rear of the property. Kelowna’s temporary 25% Development Cost Charge reduction is currently in effect until September 30, 2028, subject to applicable requirements and eligibility. The property is zoned MF1 – Infill Housing and has a C-NHD Core Area Neighbourhood future land use designation. The City of Kelowna has confirmed a 1,400 m² minimum lot area for development on this corridor, making the adjoining parcel relevant to the overall opportunity. Buyer to independently verify zoning, land assembly, access, servicing, development potential, DCC eligibility and all other requirements with the City of Kelowna. (id:5764)