PRIME DEVELOPMENT OPPORTUNITY! Centrally located FREEHOLD property in a highly sought-after area. Recently rezoned under the new Official Community Plan (OCP) as ""Westbank Urban Centre – Commercial Core Area B,"" allowing for high-density development with mid-rise to high-rise potential of up to 15 storeys. West Kelowna encourages urban centre builds, allowing for commercial use on the first two stories—perfect for mixed-use development. The second story and above will offer breathtaking lake, valley, and mountain views, adding significant value to any project. This corner lot spans 0.21 acres with 11,000 buildable square feet, featuring a large, fenced, and private yard. A lane along the side provides two access points, making it an ideal site for multi-family development or a six-plex. With a FAR of 1.2—significantly higher than Kelowna’s 0.08—this property offers excellent build potential. In the meantime, the existing home is well-suited for rental income, located just minutes from shopping, the lake, parks, recreation facilities, top schools, and on a major transit route. Quick possession possible! (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Total Living Area:
1,961 sq. ft.182 m2
Zoning:
Unknown
Taxes:
$2,671.5 /
-
Community:
Westbank Centre
Exterior Features:
Wood siding
Pool Features:
Above ground pool
Community Features:
Family Oriented
Structure Type:
House
Appliances Included:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Data was last updated July 1, 2025 at 06:45 AM (UTC)
Area Statistics
Listings on market:
262
Avg list price:
$524,450
Min list price:
$99,000
Max list price:
$7,980,000
Avg days on market:
66
Min days on market:
4
Max days on market:
302
Avg price per sq.ft.:
$399.99
These statistics are generated based on the current listing's property type
and located in
Westbank Centre. Average values are
derived using median calculations.
