$2,995,000

ID# 10271548

1225 Mountain Avenue,
Kelowna, British Columbia V1Y7G9

Large residential property totaling 1.275 acres with redevelopment potential for further densification and infill. The property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Current zoning is RU1 with the OCP2040 Future Land Use of C-NHD. There is also potential to rezone to SFRU5 for multiple single-family homes or MF2 for townhomes, similar to an adjacent property at 1170 Brant Ave where individual 1,588 SF units have recently sold for $750,000. The existing 2,496 SF, 5 bedroom, 3 bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Schools, and the coffee shops, craft breweries & restaurants in the growing brewery district. (id:3942)

Would you like more information about this property?

General Inquiry
Courtesy of RE/MAX Kelowna

Listed on: April 01, 2023

On market: 175 days
Bathroom Total 3
Bedrooms Total 3
Half Bathrooms Total 1
Year Built 1975
Stories Total 2
Living roomSecond level22 ft ,4 in x 17 ft ,6 in
Primary BedroomSecond level14 ft ,9 in x 12 ft ,4 in
Dining roomSecond level14 ft ,4 in x 15 ft ,6 in
BedroomSecond level11 ft ,9 in x 8 ft ,9 in
Full bathroomSecond level11 ft ,9 in x 6 ft ,10 in
DenSecond level11 ft ,9 in x 9 ft ,3 in
KitchenSecond level12 ft ,4 in x 11 ft ,1 in
EnsuiteSecond level5 ft x 4 ft ,9 in
Recreational, Games roomMain level33 ft ,9 in x 17 ft ,1 in
Full bathroomMain level11 ft ,2 in x 5 ft ,6 in
Family roomMain level10 ft ,1 in x 9 ft ,4 in
BedroomMain level13 ft ,8 in x 9 ft ,7 in
OtherMain level11 ft ,2 in x 9 ft ,7 in
Add CMHC fee.
Purchase Price
Down Payment or Equity
Amount of Mortgage
system will calculate
Current Interest Rate
Amortization Period
years
Payment Schedule
Monthly Payment (principal & interest)
system will calculate