Prime Development (5plex or 2 lot subdivision) or Holding Opportunity in Lower Mission Discover the endless potential with this 0.4-acre flat lot, measuring 104 x 168 feet, located in one of the most sought-after residential neighbourhoods in the Lower Mission. This prime property offers an incredible opportunity for development or as a holding investment. Centrally located, you'll be just minutes away from Lake Okanagan, stunning beaches, highly regarded schools, and a variety of shopping and amenities. The current home features a spacious 3-bedroom layout on the upper level, complemented by a lower-level in-law suite—ideal for extended family or rental income. The property offers fantastic flexibility for those looking to either develop or renovate. The City of Kelowna has indicated strong support for development options, including the potential to build 5 townhomes or to subdivide the lot, allowing for a single-family home plus a duplex. The lot is also large enough to facilitate a rezoning to MF1 (Multi-Family Low Density). Interested buyers are highly recommended to conduct their own due diligence with the city to explore these exciting possibilities further. 5plex and detached/attached development available on request. (id:4069)
Address
3551 Scott Road
List Price
$1,839,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
5
Bathrooms
3
Floor Area
2,975 Sq. Ft.
Lot Size
0.4 Sq. Ft.
Year Built
1974
MLS® Number
10339104
Listing Brokerage
Coldwell Banker Horizon Realty
Basement Area
Full
Postal Code
V1W3H5
Site Influences
Recreation, Schools, Shopping
Features
Level lot, Private setting, One Balcony
