1257 Belaire Avenue

Single Family For Sale in Kelowna, British Columbia

$1,888,000
  • 4 Beds
  • 3 Baths
  • 2,798 Sq. Ft.
  • Built 1959
ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story plus 2 story underground parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 3 Bed up, 2 Bed Legal suite, & non-conforming ""cottage"" in back. Hardwood floors, decently maintained and updated over the years. Value in land, and is “as is where is”. To be bought in w/ 1269 Belaire. Value in land. All home measurments approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:4069)
Address 1257 Belaire Avenue
List Price $1,888,000
Property Type Single Family
Type of Dwelling House
Style of Home Ranch
Area British Columbia
Sub-Area Kelowna
Bedrooms 4
Bathrooms 3
Floor Area 2,798 Sq. Ft.
Lot Size 0.23 Sq. Ft.
Year Built 1959
MLS® Number 10325844
Listing Brokerage Royal LePage Kelowna
Basement Area Full
Postal Code V1Y6B8
Site Influences Shopping
Features Corner Site, One Balcony

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Kim Heizmann

Oakwyn Realty Ltd

473 Bernard Street Kelowna BC V1Y 6N8

Office: 250 938 0995

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