588/598 Royal Avenue, Kelowna, BC V1Y5L5
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588/598 Royal Avenue, Kelowna, BC V1Y5L5
588/598 Royal Avenue, Kelowna, BC V1Y5L5
588/598 Royal Avenue, Kelowna, BC V1Y5L5
588/598 Royal Avenue, Kelowna, BC V1Y5L5
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Brandon Grass

Brandon Grass

+1(250) 212-5672
$ 3,200,000
Est. payment /mo
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Active

588/598 Royal Avenue Kelowna, BC V1Y5L5

UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Kelowna South

MLS® Listing ID 10383740

Property Sub-Type Freehold

Property Description

Highly Desirable Multi-Family Development Site - 588 and 598 Royal Avenue form an approximately 0.33-acre MF4 land assembly in Kelowna South, less than 200 m from the center of the Kelowna General Hospital Transit Oriented Area. Both properties are zoned MF4 – Transit Oriented Areas with OCP 2040 Future Land Use C-HTH N – Core Area – Health District, placing them in one of only four provincially designated TOAs in Kelowna and in the highest-intensity inner 0–200 m band around the KGH hub. MF4 Multiple Dwelling Housing designation supports 6-storey mid-rise development. The three existing homes provide rental income during the holding and planning stages, and full rear lane access, reinforced by a registered access easement, improves site servicing and parking flexibility. Together, these factors make the property a straightforward, policy-aligned candidate for a mid-rise multifamily project in the unique KGH Transit Oriented Area. Share sale option is available. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Others

Ownership Freehold

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Listed by Coldwell Banker Horizon Realty

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588/598 Royal Avenue