DEVELOPMENT / INVESTMENT OPPORTUNITY IN LOWER MISSION, close to the LAKE/ BEACHES, amenities, public transit, popular SOUTH PANDOSY (shopping, restaurants, coffee shops) and so much more! Currently zoned MF1, with an Official Community Plan Future Land Use of UC (Urban Centre), the City of Kelowna supports 3 storey development in this neighbourhood and "through lot consolidation and rezoning the multiple lots to the UC5 zone, Planning staff may consider 4 to 5 storey buildings". This ideal property features a 2 bedroom rancher home, a fantastic outdoor space, covered carport (with secure storage) and a workshop (with power). The property also has access via a rear laneway (perfect for development, parking etc). Inside the home you'll love the beautiful kitchen which has upgraded cabinetry (custom pull-out pantry cabinet), granite counters and vinyl flooring. An oversize living room offers a great place to relax. The 2 bedroom set up is perfect for those in need of a 2nd room for a home office /guest room, nursery etc. Outside you'll love your private yard and the serenity that it offers. Parking is plentiful, with an extended driveway, carport and laneway parking too. The home offers sought after "west facing" exposure, updated plumbing (pex), an updated roof (approx 2012) and both the floors and subfloors were replaced approximately 8 years ago. If you're looking for a great investment property in an incredible location, 3461 Patsy Rd is worthy of your consideration.