About This Property
787-789 Harvey Ave — Developer Alert One of the last development sites on Harvey Avenue. This 0.27-acre (1,093 sqm) parcel offers 72 ft of highway frontage on Kelowna's primary transit corridor with Core Neighbourhood High Density (CNHD) future land use designation. Current MF1 zoning with a clear path to rezoning supported by OCP designation. The neighbouring property just completed a 6-storey apartment, establishing density precedent directly next door. Develop standalone or assemble with surrounding parcels for a larger project. Duplex on site provides holding income while you plan your next move. Sites with this combination — transit frontage, CNHD designation, assembly potential, and proven neighbour precedent — don't last on Harvey Ave. (id:64973)
At $2,350,000, the property on Harvey Avenue represents a strong value proposition, priced at approximately $2,150 per square metre. The property's prime location along Kelowna's main transit corridor and the precedent of a recent 6-storey development on the neighboring lot make it an attractive option for developers seeking to capitalize on the city's growing demand for high-density residential projects. This property is well-suited for experienced developers looking to build a multi-unit residential development, as its CNHD future land use designation and MF1 zoning provide a clear path to rezoning, offering the potential for a significant return on investment.
Property Details
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