About This Property
LAND ASSEMBLY! PRIME LOCATION! This 5-lot assembly is located on the corner of Gordon and Raymer, 1 ACRE+, and there is potential for constructing a 6-story residential building with commercial on the ground level, under MF3 Zoning. This assembly's highly desirable location, strategic position on a transit corridor, and its accessibility to key amenities, mark it as a premium development prospect! City indicates 1.8 FAR + bonuses up to 2.3 FAR. This property is contingent on being sold together with 1190 Raymer Avenue MLS# 10360225, 1198 Raymer Avenue MLS# 10360220, 2690 Gordon Drive MLS# 10360211, 2680 Gordon Drive MLS# 10360203, and 2670 Gordon Drive MLS# 10360134. There are currently no permits or registration of the development. Sold as part of land assembly. (id:64973)
The $544 per square foot price point for this 1700 square foot single-family home in Kelowna is competitive compared to the city's average of $665 per square foot, making it an attractive option for buyers seeking value. Given the property's prime location on a transit corridor, potential for redevelopment under MF3 zoning, and proximity to key amenities, this assembly presents a compelling opportunity for developers and investors interested in capitalizing on Kelowna's burgeoning real estate market.
Property Details
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