REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,520,000
Est. payment | /mo
0.36 Acres Lot
$ 4,520,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Kelowna South
MLS® Listing ID 10397498
Lot Size 0.360 Acres
Acres 0.36
Property Description
INVESTOR AND DEVELOPER ALERT! Rare two-lot MF4 land assembly totaling approx. 0.36 acres with 120.76 ft of contiguous frontage on the Richter Street transit corridor and a depth of 129.9 ft, directly serving the Kelowna General Hospital precinct. The site sits inside the provincially designated KGH Transit Oriented Area — one of only four TOAs in Kelowna — where the Province and the City's OCP 2040 (Future Land Use: C-HTH, Core Area – Health District) direct the greatest height and density. MF4 zoning permits a 6-storey mid-rise with 2.5 FAR base density, plus a 0.3 FAR bonus for purpose-built rental or affordable housing, 65% site coverage, and ground-floor commercial retail — supporting residential, mixed-use, institutional, and health-related uses steps from KGH. Approx. 39,205 sq ft buildable at base density, up to 43,910 sq ft with the rental bonus. Hold and plan with income in place: two existing homes totalling approx. 4,731 sq ft generate rental revenue through design and approvals. The full rear lane adds servicing, access, and parking options at the design stage. Conceptual design and brochure available — a clean, policy-backed path to a mid-rise project in Kelowna's Health District. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features Family Oriented
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Listed by Realty One Real Estate Ltd
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1 - 1890 Cooper Road, KELOWNA, British Columbia V1Y 8B7, CA