550 Patterson Avenue Active Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1Y5C6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $545
Subdivision Kelowna South
MLS Listing ID 10368915
Bedrooms 5
Half Baths 1
Year Built 1947
Lot Size 7,840 Sqft
Property Sub-Type Freehold
Property Description
ATTENTION DEVELOPERS & INVESTORS! Prime opportunity in the heart of Kelowna! This well-maintained single-family home with a carriage house offers exceptional potential when combined with the adjoining properties at 530 & 540 Patterson (MLS# 10313190 & 10313085), totaling 0.46 acres of development-ready land. Currently zoned MF1 within the C-NHD, this site sits on the transit corridor—making it ideal for MF3 zoning and a potential six-storey apartment development. The City of Kelowna has recently installed new sewer lines along the alley, further enhancing development readiness. In the meantime, both the main home and carriage home offer strong rental income potential, making this an excellent holding property. Alternatively, the lot could support a townhome development, following the successful projects nearby. Don't miss this rare opportunity to secure a key parcel in one of Kelowna's most promising urban growth areas! (id:24570)
Location
Province BC
Rooms
Kitchen 2.0
Interior
Heating Baseboard heaters,,Forced air,See remarks
Flooring Hardwood,Laminate,Tile
Fireplaces Number 2
Fireplaces Type Unknown
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
Community Features Family Oriented,Pets Allowed
View Y/N No
Roof Type Unknown
Building
Lot Description Landscaped,Level
Story 1.5
Sewer Municipal sewage system