Exceptional investment opportunity in Kelowna's Transit Oriented Area, zoned MF4 on a flat .15-acre lot with back lane access. This prime location allows for up to 6 units or a 6-storey development when combined with neighboring properties. Boasting a maximum base density of 2.5 FAR, with a potential 0.3 FAR bonus for rental or affordable housing, the property sits within walking distance to beaches, Kelowna General Hospital, parks, shops, schools, transit, and bike trails. Currently hosting a charming 932 sq ft home with two bedrooms and one bathroom, it offers immediate live-in potential with substantial equity growth or a lucrative development opportunity in a rapidly expanding urban area. Perfect for developers or investors seeking a versatile project in a high-demand location. (id:4069)
| Address |
2115 Richter Street |
| List Price |
$760,000 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Area |
British Columbia |
| Sub-Area |
Kelowna |
| Bedrooms |
1 |
| Bathrooms |
1 |
| Floor Area |
932 Sq. Ft. |
| Lot Size |
0.15 Sq. Ft. |
| Year Built |
1925 |
| MLS® Number |
10321136 |
| Listing Brokerage |
Royal LePage Kelowna
|
| Postal Code |
V1Y2N7 |
