1225 Mountain Avenue, Kelowna , V1Y7G9
Listing ID: 10271549
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$2,995,000
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Listed: 1 year ago
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Property Description

This 1.275-acre property is centrally located in Glenmore and is within Kelowna’s OCP 2040 Core Area. Current zoning is RU1 with the OCP2040 Future Land Use of C-NHD. There is potential to rezone to MF1 – Infill Housing, a zone that provides for infill development but limits development to ground-oriented housing of 2 storeys. Preliminary plans indicate 16 units total including ten 3-bedroom townhouses and six 4-bedroom townhouses. The existing 2,496 SF, 5-bedroom, 3-bathroom single-family home can provide holding income until the property is ready for redevelopment. This is a large, peaceful lot tucked away in a residential neighbourhood, yet only a short walk to Bankhead Elementary School, and the coffee shops, craft breweries & restaurants in the growing brewery district. (id:26452)

Other located at 1225 Mountain Avenue. 1225 Mountain Avenue is in the Glenmore neighborhood. Kelowna North , Fintry , and Kelowna South are nearby neighbourhoods.
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Listed by: RE/MAX Kelowna

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20% down payment
$10,494
per month
35% down payment
$8,526
per month
50% down payment
$6,558
per month

Estimated mortgage based on 2.7% on a 30 year amortization based on some lenders

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KM
Kris McLaughlin
(250) 870-2165

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KM
Kris McLaughlin
(250) 870-2165
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
Down Payment