ATTENTION DEVELOPERS! CAPRI URBAN CENTER LAND ASSEMBLY TOTALLING .46 ACRES, UC2 zoning allowing up to 12-15 Stories. 1257 AND 1269 BELAIRE to be bought in conjunction, .23 acre each lot equals .46 acres of high density development potential in center of the fast developing Capri-Landmark Urban Center neighbourhood plan, only a few blocks from Landmark towers, the coming new Recreation Complex, close to downtown and Okanagan Lake, it is as central as it comes! Zoned UC2, a mixed commercial-residential zone, allowing a variety of apartment, professional, health, and office uses. Community plan allows up to 12 stories, but may hold potential for up to 15 stories on application with bonus uses. Base FAR is 3.3 for pot 66,124 of building space. Rental or affordable housing may add a further .3 FAR for up to 12 stories, or possibly .05 FAR per story (for 12 story or more). Initial feasibility study done at FAR of 1.8 for a 6 story + 2 story U/G parkade, 51 unit condo/apartments, studio-2 bed units + 3 live work units at total 44,861 SF above ground. Current home offers 2 Bed up, 2 Bed Legal suite down. Home had major reno'd ~14 yrs ago - maple kitchens up/down, wood floors, Pex plumbing, windows, doors, insulation, etc. Value still mostly in land, and is “as is where is”. To be bought in w/ 1257 Belaire. Meas. approx & to be verified. (Buyer to do own due diligence on info with City of Kelowna). (id:47423)
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Detailed Information
Lot
83 x 0 ft
Amenities Nearby
Public Transit, Schools, Shopping
Features
Level lot, See remarks
Listing Contract Date
2024-10-07
Municipal ID
003-354-407
# of Parking Spaces
6
Property Type
Other
Transaction Type
For sale
Zoning
Multi-Family
Building
Constructed Date
1959
Exterior Finish
Stucco
Fire Protection
Smoke Detector Only
Heating Fuel
Electric
Heating Type
Baseboard heaters
Roof Material
Asphalt shingle
Roof Style
Unknown
Type
Residential Commercial Mix
Utility Water
Municipal water
Parking Spaces
Name
Spaces
See Remarks
Land
Total Size
0.23 acres
Access Type
Easy access
Amenities
Public Transit, Schools, Shopping
Current Use
Mixed use
Fence Type
Fence
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
0.23
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