LOADING

1257 Belaire Avenue Kelowna, British Columbia V1Y 6B8

2798 sqft
Hot Water, Other

$1,888,000

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:20009)

Property Details

MLS® Number 10325849
Property Type Other
Neigbourhood Springfield/Spall
Amenities Near By Shopping
Features Corner Site
Parking Space Total 1

Building

Constructed Date 1959
Exterior Finish Stucco, Wood Siding
Heating Fuel Electric
Heating Type Hot Water, Other
Roof Material Asphalt Shingle
Roof Style Unknown
Size Interior 2798 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Parking

See Remarks
Detached Garage 1

Land

Acreage No
Current Use Mixed Use
Fence Type Fence
Land Amenities Shopping
Sewer Municipal Sewage System
Size Frontage 84 Ft
Size Irregular 0.23
Size Total 0.23 Ac|under 1 Acre
Size Total Text 0.23 Ac|under 1 Acre
Zoning Type Multi-family

https://www.realtor.ca/real-estate/27519836/1257-belaire-avenue-kelowna-springfieldspall

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Shawn Worsfold
Personal Real Estate Corporation

(250) 870-7771
swproperties.ca/

Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

(250) 860-1100
(250) 860-0595
https://royallepagekelowna.com/