3606 Old Okanagan Highway West Kelowna, British Columbia V4T 1P4

$849,000

PRIME DEVELOPMENT OPPORTUNITY! Centrally located FREEHOLD property in a highly sought-after area. Recently rezoned under the new Official Community Plan (OCP) as ""Westbank Urban Centre – Commercial Core Area B,"" allowing for high-density development with mid-rise to high-rise potential of up to 15 storeys. West Kelowna encourages urban centre builds, allowing for commercial use on the first two stories—perfect for mixed-use development. The second story and above will offer breathtaking lake, valley, and mountain views, adding significant value to any project. This corner lot spans 0.21 acres with 11,000 buildable square feet, featuring a large, fenced, and private yard. A lane along the side provides two access points, making it an ideal site for multi-family development or a six-plex. With a FAR of 1.2—significantly higher than Kelowna’s 0.08—this property offers excellent build potential. In the meantime, the existing home is well-suited for rental income, located just minutes from shopping, the lake, parks, recreation facilities, top schools, and on a major transit route. Quick possession possible! (id:20737)

Property Details

MLS® Number	10342448
Property Type	Single Family
Neigbourhood	Westbank Centre
Amenities Near By	Park, Recreation, Schools, Shopping
Community Features	Family Oriented
Features	Level Lot, Treed, Corner Site
Pool Type	Above Ground Pool

Building

Bathroom Total	1
Bedrooms Total	3
Appliances	Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer
Architectural Style	Bungalow
Basement Type	Full
Constructed Date	1968
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Wood Siding
Fireplace Fuel	Wood
Fireplace Present	Yes
Fireplace Type	Conventional
Flooring Type	Hardwood, Vinyl
Heating Type	Forced Air, See Remarks
Roof Material	Other
Roof Style	Unknown
Stories Total	1
Size Interior	1,961 Ft2
Type	House
Utility Water	Municipal Water

Parking

R V

Land

Access Type	Easy Access, Highway Access
Acreage	No
Fence Type	Fence
Land Amenities	Park, Recreation, Schools, Shopping
Landscape Features	Landscaped, Level
Sewer	Municipal Sewage System
Size Frontage	69 Ft
Size Irregular	0.21
Size Total	0.21 Ac|under 1 Acre
Size Total Text	0.21 Ac|under 1 Acre
Zoning Type	Unknown

Rooms

Level	Type	Length	Width	Dimensions
Basement	Den			11'6'' x 16'4''
Basement	Bedroom			10'8'' x 12'4''
Main Level	Bedroom			10'0'' x 9'0''
Main Level	Full Bathroom			5'0'' x 8'0''
Main Level	Primary Bedroom			13'3'' x 11'6''
Main Level	Kitchen			10'0'' x 8'0''
Main Level	Dining Room			8'4'' x 12'6''
Main Level	Living Room			23'6'' x 16'0''

https://www.realtor.ca/real-estate/28133528/3606-old-okanagan-highway-west-kelowna-westbank-centre