721 Raymer Avenue
Kelowna, British Columbia V1Y4Z7

$1,399,900

ID# 10315845
UC5 zoned 50 X 120 property in South Pandosy Urban Centre - Superb location with an exceptional opportunity for developers and investors with a discerning eye for potential in the pulsating heart of South Pandosy Urban Centre. This property represents a lucrative venture for development opportunities and is on a street located where residential uses are required at grade with opportunities for limited commercial uses. With UC5 Zoning in place, the prospects are boundless, allowing for 6-storey building height. This property isn't just ideally situated; it's a canvas for visionary development. Capitalize on this rare chance to shape the future of one of Kelowna's prime locales, where investment translates to a legacy of urban excellence. The flat site is ripe for transformation. Imagine the possibilities in an area thriving with urban vibrancy. Location is a walker’s paradise to major amenities including Okanagan Lake, Gyro Beach, Pandosy Village, Pandosy Waterfront Park, Pandosy public pier, top-rated schools including Raymer Elementary, KLO, KSS and Okanagan College, KGH, medical offices, restaurants, patios, grocery stores, boutiques, and the public transit exchange. This property comes with a solid updated single-family residence with light oak LVP & laminate flooring and a floor to ceiling electric fireplace. Excellent income potential with 4 bedrooms and 2 bathrooms, including a 2-bedroom legal suite, with convenient alley access, and parking for five vehicles. (id:3942)
Courtesy of Royal LePage Kelowna

Listed on: June 07, 2024

On market: 18 days
Bathroom Total 2
Bedrooms Total 4
Half Bathrooms Total 0
Year Built 1973
Cooling Type Central air conditioning
Flooring Type Carpeted, Ceramic Tile, Laminate, Vinyl
Heating Type Forced air, See remarks
Stories Total 2
4pc BathroomMain level7' x 8'7''
BedroomMain level10'2'' x 11'1''
Primary BedroomMain level10'2'' x 13'3''
Living roomMain level20'1'' x 15'9''
Dining nookMain level8'9'' x 8'0''
KitchenMain level11'1'' x 8'8''
KitchenAdditional Accommodation11'4'' x 10'9''
Full bathroomAdditional Accommodation5'4'' x 11'8''
BedroomAdditional Accommodation11'2'' x 12'9''
BedroomAdditional Accommodation10'2'' x 11'5''
Living roomAdditional Accommodation19'11'' x 15'5''
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Rita St. Jean

REALTOR®

Direct: 250.300.6755

ritastjean@royallepage.ca

KELOWNA

#1-1890 Cooper Road

Kelowna, BC V1Y 8B7

WEST KELOWNA

#11-2475 Dobbin Road Westbank, BC V4T 2E9

LAKE COUNTRY

#5-10058 Hwy 97 Lake Country, BC V4V 6R3

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