Situated on a spacious 9975 square foot lot zoned MF1, this updated split-level home offers exceptional development opportunities in Kelowna's burgeoning market. MF1 zoning permits infill development within the city's core area, specifically allowing for the construction of up to six ground-oriented residential dwelling units. The home is ideally positioned on one half of the corner lot presenting numerous opportunities for development alongside the existing home ie duplex/triplex. Boasting 4 bdrms & 3 baths, this charming home features an updated kitchen with wood cabinets and high-end appliances. The main level welcomes you with a generous living room, dining & seamless access to a private patio off the kitchen nook. Upstairs, three well-appointed bedrooms, including a primary suite with a large walk-in closet & ensuite bathroom. The lower level provides a cozy family room centered around a custom stone wood-burning fireplace, and access to a secluded patio that wraps around to a private covered area spanning the home's length, ideal for entertaining. The basement hosts a spacious rec room, office area with custom built-in desk, large laundry room, additional bedroom. Large double attached garage, a single garage, and a circular driveway capable of accommodating multiple vehicles, RVs, and recreational toys. The landscaped yard features mature trees, shrubs, and flowers, creating a park-like setting. Many other updates throughout the years include bathrooms, furnace & a/c.