588/598 Royal Avenue,Kelowna, BC V1Y5L5
Kelowna, BC V1Y5L5
Description
Highly Desirable Multi-Family Development Site - 588 and 598 Royal Avenue form an approximately 0.33-acre MF4 land assembly in Kelowna South, less than 200 m from the center of the Kelowna General Hospital Transit Oriented Area. Both properties are zoned MF4 - Transit Oriented Areas with OCP 2040 Future Land Use C-HTH N - Core Area - Health District, placing them in one of only four provincially designated TOAs in Kelowna and in the highest-intensity inner 0-200 m band around the KGH hub. MF4 Multiple Dwelling Housing designation supports 6-storey mid-rise development. The three existing homes provide rental income during the holding and planning stages, and full rear lane access, reinforced by a registered access easement, improves site servicing and parking flexibility. Together, these factors make the property a straightforward, policy-aligned candidate for a mid-rise multifamily project in the unique KGH Transit Oriented Area. Share sale option is available. (id:13843)
Details
| MLS # | 10383740 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Status | Active |
| Days On Site | 195 |
| Listing Provided By | Coldwell Banker Horizon Realty | Kraig Snaychuk |
Features
Interior
| Fireplace Yes / No | No |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y5L5 |
| Listing VS Median (in V1Y5L5) | |
Price: $3,200,000 low | high Med: $0 On site: 195 low | high Med: | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y5L5 |
| Listing VS Median (in V1Y5L5) | |
Price: $3,200,000 low | high Med: $0 On site: 195 low | high Med: | |
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