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Royal LePage
Royal LePage
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$1,199,000

3 Beds

2 Baths

1480 FEETSQ

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Kelowna BC, V1Y 5E5

MLS® # 10370789

Property Information:

Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna’s most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today’s rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna’s fastest-growing urban pockets. Whether you’re an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Rancher
  • Construction Style - Attachment: Detached
  • Exterior Finish: Vinyl siding
  • Floor Space: 1480 sqft
  • Flooring Type: Laminate
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Amenities Nearby: Public Transit, Park, Recreation, Schools, Shopping
  • Built in: 1948
  • Community Features: Rentals Allowed
  • Features: Level lot, Corner Site
  • Fence Type: Fence
  • Floor Space (approx): 1480 Square Feet
  • Landscape Features:
  • Lot Frontage: 56.0 Feet
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 6

Rooms:

  • Family Main Level 9'9'' x 15'6''
  • Laundry Main Level 7'0'' x 6'0''
  • Bathroom Main Level 5'6'' x 6'5''
  • Bedroom Main Level 8'0'' x 9'5''
  • Bedroom Main Level 9'6'' x 13'0''
  • Bathroom Main Level 8'0'' x 8'4''
  • Primary Bedroom Main Level 14'0'' x 11'3''
  • Den Main Level 11'0'' x 15'4''
  • Living Main Level 11'0'' x 14'9''
  • Dining Main Level 8'9'' x 11'8''
  • Kitchen Main Level 7'8'' x 9'6''

Courtesy of: Oakwyn Realty Okanagan-Letnick Estates

REALTOR.ca  

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Location of 894 Morrison Avenue, Kelowna, British Columbia, V1Y 5E5

Demographic Information of 894 Morrison Avenue, Kelowna, British Columbia, V1Y 5E5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$114,918.87

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.59 %

High school certificate or equivalent

27.69 %

Apprenticeship trade certificate/diploma

11.21 %

College/non-university certificate

21.1 %

University certificate (below bachelor)

0.8 %

University Degree

25.62 %

Commuter

Travel To Work

By Car

82.8 %

By Public Transit

1.76 %

By Walking

9.17 %

By Bicycle

5.06 %

By Other Methods

1.21 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.13 %

Houses

85.87 %

Own Vs. Rent

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