3
$2,600,000 Sale
Listed 154 days ago
3090 HOLLAND Road
· 2
· 1.0
· 0
· 1176
Key Facts
Key facts for 3090 HOLLAND Road
Property Type
House, Ranch
Parking
Garage: No, 0 parking
MLS #
10386480
Size
1176 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1966
Maintenance Fee
-
Description
MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rent...al and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the available rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, and the addition of an adjacent third property on Holland road, (that the City will support rezoning to MF3) there is a significant increase in the overall development area to 0.98 acres. The assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide holding income while development plans are advanced. This property can only be purchased in conjunction with both 1240 KLO Road, and 3080 Holland Road, as a land assembly. (id:10452)
Room Types
Bedroom
-
Dimensions 13'0'' x 12'0''
156 sqft
Full bathroom
-
Dimensions 8'0'' x 8'0''
64 sqft
Kitchen
-
Dimensions 12'0'' x 12'0''
144 sqft
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Listing courtesy of: Royal LePage Kelowna
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