About This Property
For more information, please click Brochure button. Excellent MF1 redevelopment opportunity in Kelowna’s Downtown North End. This 6,316 sq ft lot with lane access sits on quiet Stockwell Avenue, just a 10–15 minute walk to the Cultural District, Okanagan Lake, parks, restaurants, and transit. The neighbourhood is steadily transitioning with modern fourplexes and small multi-family projects, reflecting strong demand for urban infill. MF1 zoning allows up to 4 ground-oriented units with the potential to pursue variances for additional flexibility in height or configuration. Existing 2-bed home is clean, livable, and rentable during planning. A rare downtown infill site with excellent walkability and strong resale values. (id:64973)
At $1,152 per square foot, this Kelowna property is priced slightly above the current city average of $1,100 per square foot for single-family homes. However, its prime downtown location and redevelopment potential make it an appealing option for investors or developers seeking to capitalize on the strong demand for urban infill in the area. Given the modest 2-bedroom, 1-bathroom layout, this property would likely appeal most to first-time homebuyers or small families seeking an affordable entry point into Kelowna's competitive housing market, with the added benefit of potential rental income from the permitted secondary suite.
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