737 Burne Ave

For Sale | Development Land | ± 6,098 SQFT | $1,065,000
Overview

This centrally located, Lower Mission development lot is zoned RU7. The well kept, 4-bedroom home is currently rented for $2,200/month (includes city utilities, tenancy is month to month) providing some recovery for builders while development plans are in process. The property has alley access on the back and 50 feet of street frontage along Burne Avenue. Potential to be assembled with adjacent properties. Marketed as a development opportunity.

Development Potential

The RU7 zone allows for up to four dwelling units to be constructed. There are several very successful RU7 infill developments in the immediate area of the subject property. These developments have been quickly absorbed by the market, as buyers are attracted to the walkability of the neighborhood, the close proximity to the Hospital and easy access to transit along Richter. There is the potential to possibly assemble two or more properties to create a larger development opportunity.

Details
Status

For Sale

Address

737 Burne Ave, Kelowna,
Canada

Size

± 6,098 SQFT

Type

Development Land

Price

$1,065,000

Property Taxes

$3,835.47

PID

012-119-768

Zoning

RU7

Legal Description

LOT 85 SECTION 19 TOWNSHIP 26 OSOYOOS DIVISION YALE DISTRICT PLAN 700

Location

Located in the highly desirable Lower Mission. This RU7 zoned property offers quick access to Downtown, the Pandosy Village and Kelowna General Hospital. The area is flat and very walkable, with schools and parks all within a short walk from the property.

Transit
Transit stops on Richter Street (at Cadder), very close to the subject property


Loading map...
Jeff Hancock
Jeff Hancock

Personal Real Estate Corporation

Commercial Sales & Leasing

Similar Listings

Find commercial properties for sale and for lease in BC

This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.