1269 Belaire Avenue

Other For Sale in Kelowna, British Columbia

$1,888,000
  • 1,840 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 + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:4069)
Address 1269 Belaire Avenue
List Price $1,888,000
Property Type Other
Type of Dwelling Residential Commercial Mix
Area British Columbia
Sub-Area Kelowna
Floor Area 1,840 Sq. Ft.
Lot Size 0.23 Sq. Ft.
Year Built 1959
MLS® Number 10325847
Listing Brokerage Royal LePage Kelowna
Postal Code V1Y6B8
Site Influences Public Transit, Schools, Shopping
Features Level lot, See remarks

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Kim Heizmann

Oakwyn Realty Ltd

473 Bernard Street Kelowna BC V1Y 6N8

Office: 250 938 0995

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