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:4069)
Address
550 Patterson Avenue
List Price
$1,279,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
5
Bathrooms
4
Floor Area
2,344 Sq. Ft.
Lot Size
0.18 Sq. Ft.
Year Built
1947
MLS® Number
10368915
Listing Brokerage
Royal LePage Kelowna
Basement Area
Crawl space
Postal Code
V1Y5C6
Site Influences
Park, Recreation, Schools, Shopping, Waterfront
Features
Level lot
