Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna’s most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today’s rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna’s fastest-growing urban pockets. Whether you’re an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living. (id:4069)
Address
894 Morrison Avenue
List Price
$1,199,000
Property Type
Other
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Floor Area
1,480 Sq. Ft.
Lot Size
0.16 Sq. Ft.
Year Built
1948
MLS® Number
10370791
Listing Brokerage
Oakwyn Realty Okanagan-Letnick Estates
Postal Code
V1Y5E5
Site Influences
Public Transit, Park, Recreation, Schools, Shopping
Features
Level lot, Corner Site
