INVESTOR AND DEVELOPER ALERT! Rare two-lot MF4 land assembly totaling approx. 0.36 acres with 120.76 ft of contiguous frontage on the Richter Street transit corridor and a depth of 129.9 ft, directly serving the Kelowna General Hospital precinct. The site sits inside the provincially designated KGH Transit Oriented Area — one of only four TOAs in Kelowna — where the Province and the City's OCP 2040 (Future Land Use: C-HTH, Core Area – Health District) direct the greatest height and density. MF4 zoning permits a 6-storey mid-rise with 2.5 FAR base density, plus a 0.3 FAR bonus for purpose-built rental or affordable housing, 65% site coverage, and ground-floor commercial retail — supporting residential, mixed-use, institutional, and health-related uses steps from KGH. Approx. 39,205 sq ft buildable at base density, up to 43,910 sq ft with the rental bonus. Hold and plan with income in place: two existing homes totalling approx. 4,731 sq ft generate rental revenue through design and approvals. The full rear lane adds servicing, access, and parking options at the design stage. Conceptual design and brochure available — a clean, policy-backed path to a mid-rise project in Kelowna's Health District. (id:4069)
Address
2265, 2277 Richter Street
List Price
$4,520,000
Property Type
Retail
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Lot Size
0.36 Ac.
Frontage Length
121 ft
MLS® Number
10397498
Listing Brokerage
Realty One Real Estate Ltd
Postal Code
V1Y2N9
Site Influences
Public Transit, Park, Recreation, Schools
Features
Level lot
Community Features
Family Oriented
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
Building
