Grewal
104 - 399 Main Street
Penticton, BC
Canada V2A 5B7
Details
Address | 2115 Richter Street |
Area | Central Okanagan |
Sub Area | KS - Kelowna South |
State/Province | British Columbia |
Country | Canada |
Price | $760,000 |
Sold | October 2024 |
Property Type | Single Family - Detached |
Bedrooms | 1 |
Bathrooms | 1 |
Half Baths | 0 |
Floor Space | 932 Square Feet |
Lot Size | 0.15 Acres |
Waterfront | No |
Year Built | 1925 |
Taxes | $3,036 |
Tax Year | 2023 |
MLS® # | 10321136 |
Exceptional investment opportunity in Kelowna's Transit Oriented Area, zoned MF4 on a flat .15-acre lot with back lane access. This prime location allows for up to 6 units or a 6-storey development when combined with neighboring properties. Boasting a maximum base density of 2.5 FAR, with a potential 0.3 FAR bonus for rental or affordable housing, the property sits within walking distance to beaches, Kelowna General Hospital, parks, shops, schools, transit, and bike trails. Currently hosting a charming 932 sq ft home with two bedrooms and one bathroom, it offers immediate live-in potential with substantial equity growth or a lucrative development opportunity in a rapidly expanding urban area. Perfect for developers or investors seeking a versatile project in a high-demand location.
Listed by ROYAL LEPAGE KELOWNA