This expansive 9-bedroom, 3-bathroom property with a single garage and alleyway access offers incredible potential for development. Zoned MF4, this site is primed for multi-family development. And with a land assembly, up to 6 stories can be built. While the house itself is in poor condition and a tear down, an estimated renovation quote of $177,000 is available should you choose to restore the property. A detailed proposal can be shared upon request. Alternatively, the property could serve as a boarding home in its current state, if renovated. The seller has already prepared development plans for a triplex, featuring a duplex with rear access and a charming detached home at the front. Once built, the three units could be sold separately. Located in a highly sought-after and rapidly developing area, this property is just 450 meters from KGH. For even greater potential, consider combining with neighboring properties to pursue up to a 6-story development approval. Demolition costs are approximately $25,000 (with a quote available), and there is NO ASBESTOS on the premises. A pre-demolition inspection report is available to verify this. This is a prime location and lot, offering a wealth of opportunities for the savvy investor or developer. The appraisal of this property is $1.35 Million and a copy is attached in supplement. Pictures are of the completed product once constructed. (id:4069)
Address
2166 Aberdeen Street
List Price
$1,195,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
9
Bathrooms
3
Floor Area
2,367 Sq. Ft.
Lot Size
0.13 Sq. Ft.
Year Built
1930
MLS® Number
10338668
Listing Brokerage
Royal LePage Kelowna
Basement Area
Full
Postal Code
V1Y2T4
