This property is located in highly desirable area,close to Kelowna General Hospital,Okanagan College,Abbott Corridor,local beaches, Pandosy Village shops &restaurants, schools& other essential services.This central location not only enhances the property's appeal but also makes it convenient for potential residents.Recent zoning changes to MF1 zoning indicate a favorable environment for potential multi-family residential development.This zoning typically allows for higher density residential buildings.With laneway access on two sides, the property offers practical advantages for development.The presence of a well-maintained 3-bedroom, 1.5 bathroom character home adds versatility to the property.It could serve as a comfortable family home for buyers interested in living in the area or a lucrative rental property, providing immediate income while holding for future development.Whether a family home or rental property, the location and potential for future development make this property a valuable investment opportunity.The combination of location, zoning changes,&existing amenities position the property well for both immediate and long-term gains.This property offers a compelling package of location, development potential,& current usability as a family home or rental property & stands to benefit from recent zoning changes & its proximity to key amenities, making it an attractive option for investors and developers looking to capitalize on Kelowna's vibrant real estate market. (id:4069)
Address |
732 Morrison Avenue |
List Price |
$995,000 |
Property Type |
Single Family |
Type of Dwelling |
House |
Area |
British Columbia |
Sub-Area |
Kelowna |
Bedrooms |
3 |
Bathrooms |
2 |
Floor Area |
1,400 Sq. Ft. |
Year Built |
1946 |
MLS® Number |
10316787 |
Listing Brokerage |
Royal LePage Kelowna
|
Basement Area |
Crawl space |
Postal Code |
V1Y5E5 |
Site Influences |
View |
Building |
Water Street by the Park |