Unlock the potential of this versatile property in Kelowna, designed to support both immediate rental opportunities and extensive development. Zoned UC2 within the 2040 OCP's Capri Core neighbourhood, this site is approved for up to 12-storey developments, offering a remarkable chance for growth. First-time buyers will find this property especially attractive due to its dual-suite configuration—featuring a legal 3-bedroom suite upstairs and a 2-bedroom suite downstairs—providing a valuable mortgage helper. This setup not only helps in managing mortgage payments but also in building equity while planning future developments. The property promises reliable income generation, making it an excellent buy-and-hold opportunity. Buyers should verify with the city to ensure the property suits their specific needs. (id:4069)
Address
1947/1949 Burtch Road
List Price
$900,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
5
Bathrooms
3
Floor Area
2,225 Sq. Ft.
Lot Size
0.16 Sq. Ft.
Year Built
1940
MLS® Number
10338095
Listing Brokerage
RE/MAX Kelowna
Postal Code
V1B4B4
Site Influences
Waterfront
