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.
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.
737 Burne Ave, Kelowna,
± 6,098 SQFT
LOT 85 SECTION 19 TOWNSHIP 26 OSOYOOS DIVISION YALE DISTRICT PLAN 700
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 stops on Richter Street (at Cadder), very close to the subject property
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