$ 1,888,000
1269 Belaire Avenue Kelowna, BC V1Y6B8
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$ 1,888,000
Est. payment | /mo
1,840 SqFt
$ 1,888,000
Est. payment | /mo
1,840 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $1,026
Subdivision Springfield/Spall
MLS® Listing ID 10325847
Originating Board Association of Interior REALTORS®
Year Built 1959
Lot Size 10,018 Sqft
Acres 10018.8
Property Description
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:24570)
Location
Province BC
Zoning Multi-Family
Interior
Heating Baseboard heaters,
Exterior
Garage No
Fence Fence
Waterfront No
View Y/N No
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Listed by Royal LePage Kelowna
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Andy Katoch
Agent | License ID: LDKATOCAN