This incredible property offers a rare development opportunity, having recently been rezoned from MF1 to MF2, making it ideal for constructing 3-storey townhomes. The seller has multiple site analysis plans and renderings available, showcasing conceptual options for a 7, 8, or even 10-townhome development, with each unit designed at approximately 2,000 square feet. Tucked away from throughway traffic, the property enjoys the tranquility of a peaceful neighborhood while offering convenient walking access to Springfield Road. Whether you're a developer seeking your next project or an investor looking for a property with significant upside, this location strikes the perfect balance between privacy and accessibility. This is an unparalleled opportunity to develop a centrally located site with multiple options to fit your investment strategy. Don't miss out on the chance to create something truly remarkable in this growing area! (id:4069)
Address
1115 Cactus Road
List Price
$1,299,999
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
3
Bathrooms
2
Floor Area
2,488 Sq. Ft.
Lot Size
0.46 Sq. Ft.
Year Built
1968
MLS® Number
10327564
Listing Brokerage
Engel & Volkers Okanagan
Postal Code
V1X5N3
