Discover a remarkable investment opportunity in the heart of Central Kelowna! This five-bedroom, two-bathroom home is ideally located within walking distance to downtown, shopping, dining, the beach, and more, making it perfect for those who love the convenience and vibrancy of urban living. The property features ample parking, ensuring plenty of space for vehicles. This home can be purchased as a single unit or as part of a prime, four-lot land assembly. Spanning 0.73 acres, this assembly boasts unique laneway access and is brimming with future development possibilities. With the unveiling of the new Official Community Plan, the zoning for this assembly has been upgraded to C-NHD, with a 1.15 FAR within the MF2 bylaw. Several stacked townhouse design concepts are available, comprising 35 to 45 units each, making this an exceptional opportunity for developers and investors alike. Please see group land assembly listing for more information (10318398)