INVESTOR AND DEVELOPER ALERT! Rare (4) four-lot MF4 land assembly totaling approx. 0.53 acres with 176.46 ft of contiguous frontage on the Richter Street transit corridor and a depth of 129.9 ft, directly serving the Kelowna General Hospital precinct. The site sits inside the inner 0–200 m band of the provincially designated KGH Transit Oriented Area — one of only four TOAs in Kelowna — where the Province and the City's OCP 2040 (Future Land Use: C-HTH, Core Area – Health District) direct the greatest height and density. MF4 zoning permits a 6-storey mid-rise with 2.5 FAR base density, plus a 0.3 FAR bonus for purpose-built rental or affordable housing, 65% site coverage, and ground-floor commercial retail — supporting residential, mixed-use, institutional, and health-related uses steps from KGH. Hold and plan with income in place: by generating rental revenue. The full-length rear lane adds servicing, access, and parking options at the design stage. Assemblies of this width, this close to the hospital hub, rarely come to market — a clean, policy-backed path to a significant mid-rise project in Kelowna's Health District. (id:4069)
Address
2237, 2243, 2253, 2257 Richter Avenue
List Price
$5,896,968
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Lot Size
0.53 Sq. Ft.
Frontage Length
176 ft
MLS® Number
10395654
Listing Brokerage
Realty One Real Estate Ltd
Postal Code
V1Y2N9
Ownership
Freehold
Site Influences
Public Transit, Park, Recreation, Schools
Features
Level lot
Community Features
Family Oriented
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
