1230 Ethel Street, Kelowna, British Columbia V1Y 2W5

$1,755,000.00

HEALTHY CASH FLOW! Approximate rental income/month = +$14,500 (for 1206, 1216, 1220, 1230). Best development opportunity in Kelowna; this location is unmatched. Lot 4 of 4, this 0.15 acre (6,534 SF) lot is part of a 0.60 acre (26,136 SF), 4-lot assembly downtown (10255398). Total list price for all 4 contingent lots is $7,355,000. 1230 Ethel St offers 44ft (13m) of frontage on Ethel St and 143ft (43m) of frontage (via 1206 Ethel) on Clement Ave (a Transit Supportive Corridor). The assembly's OCP designation is C-NHD & is situated along a TSC with proposed max density of up to 2-2.05 FAR. Benefiting from frontage on Clement Ave (TSC), a developer can potentially BUILD UP TO 12 STOREYS. Located in the mecca of downtown development, don't waver on this incredible opportunity to supply housing to an influx of: UBCO students/savvy investors/city slickers eager to own a piece of Kelowna's "urban revolution" in its early stages. Sellers make no representation/warranties regarding details of structures. Info on structures is not correct. Buyer to confirm details if/when viewing upon accepted offer. Selling for LAND VALUE. Jump on this opportunity TODAY to secure your legacy and contribution to downtown Kelowna's evolving skyline. (id:43399)

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    Property Details

    MLS® Number 10255397
    Property Type Single Family
    Neigbourhood Kelowna North

    Building

    Bathroom Total 4
    Bedrooms Total 6
    Constructed Date 1962
    Half Bath Total 2
    Size Interior 1777 Sqft
    Type House
    Utility Water Municipal Water

    Land

    Acreage No
    Sewer Municipal Sewage System
    Size Irregular 0.15
    Size Total 0.15 Ac|under 1 Acre
    Size Total Text 0.15 Ac|under 1 Acre

    https://www.realtor.ca/real-estate/24504715/1230-ethel-street-kelowna-kelowna-north

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