26
$1,795,000 Sale
Listed 61 days ago
424 Newsom Avenue
· 4
· 3.0
· 0
· 2756
Key Facts
Key facts for 424 Newsom Avenue
Property Type
House
Parking
Garage: No, 0 parking
MLS #
10396885
Size
2756 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1947
Maintenance Fee
-
Description
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:10452)
Room Types
3pc Bathroom
-
Dimensions 6'3'' x 7'10''
48.96 sqft
3pc Ensuite bath
-
Dimensions 8' x 11'
88 sqft
4pc Bathroom
-
Dimensions 7' x 7'6''
52.5 sqft
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Listing courtesy of: Real Broker B.C. Ltd
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