1269 Belaire Avenue
Kelowna, British Columbia V1Y6B8

$1,888,000

ID# 10325846
ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:3942)
Courtesy of Royal LePage Kelowna

Listed on: October 07, 2024

On market: 15 days
Bathroom Total 2
Bedrooms Total 3
Half Bathrooms Total 0
Year Built 1959
Flooring Type Carpeted, Laminate, Linoleum
Heating Type Baseboard heaters
Heating Fuel Electric
Stories Total 1
StorageBasement6'0'' x 7'0''
Family roomBasement21'0'' x 11'0''
Full bathroomMain levelMeasurements not available
BedroomMain level9'0'' x 11'0''
Primary BedroomMain level10'5'' x 12'0''
KitchenMain level9'5'' x 9'5''
Dining roomMain level10'5'' x 9'5''
Living roomMain level17'5'' x 11'5''
Full bathroomAdditional AccommodationMeasurements not available
BedroomAdditional Accommodation9'0'' x 10'5''
KitchenAdditional Accommodation10'0'' x 11'0''
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Fran Morash

B.A. Economics.

REALTOR®

Direct: 250-864-4537

franmorash@royallepage.ca

Royal LePage West Kelowna

11-2475 Dobbin Rd

West Kelowna, BC V4T 2E9

250-864-4537

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