Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna’s most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today’s rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna’s fastest-growing urban pockets. Whether you’re an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living.
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Zillow last checked:
Listing updated:
Listed by:
JP Letnick,
Oakwyn Realty Okanagan-Letnick Estates,
Joanna Wang,
Oakwyn Realty Okanagan-Letnick Estates
Source: Association of Interior REALTORS,MLS®#: 10370789Originating MLS®#: Association of Interior REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: Main
Area: 157.5 Square Feet
Dimensions: 14.00x11.25
Bedroom
Level: Main
Area: 123.5 Square Feet
Dimensions: 9.50x13.00
Bedroom
Level: Main
Area: 75.33 Square Feet
Dimensions: 8.00x9.42
Den
Level: Main
Area: 168.67 Square Feet
Dimensions: 11.00x15.33
Dining room
Level: Main
Area: 102.08 Square Feet
Dimensions: 8.75x11.67
Family room
Level: Main
Area: 151.13 Square Feet
Dimensions: 9.75x15.50
Other
Features: Four Piece Bathroom
Level: Main
Area: 66.67 Square Feet
Dimensions: 8.00x8.33
Other
Features: Three Piece Bathroom
Level: Main
Area: 35.29 Square Feet
Dimensions: 5.50x6.42
Kitchen
Level: Main
Area: 72.83 Square Feet
Dimensions: 7.67x9.50
Laundry
Level: Main
Area: 42 Square Feet
Dimensions: 7.00x6.00
Living room
Level: Main
Area: 162.25 Square Feet
Dimensions: 11.00x14.75
Heating
Baseboard, Electric
Cooling
None
Features
Den
Flooring: Laminate
Has basement: No
Has fireplace: No
Interior area
Total interior livable area: 1,480 sqft
Finished area above ground: 1,480
Finished area below ground: 0
Property
Parking
Total spaces: 6
Parking features: Open
Uncovered spaces: 6
Features
Levels: One
Stories: 1
Pool features: None
Fencing: Fenced
Lot
Size: 6,969 Square Feet
Dimensions: 56 x 123
Features: Central Business District, Corner Lot, Level, Near Park, Near Public Transit
Details
Parcel number: 001454552
Zoning: MF1
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence
Materials
Vinyl Siding, Wood Frame
Roof: Asphalt,Shingle
Condition
New construction: No
Year built: 1948
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Near Schools, Park, Recreation Area, Shopping
HOA
Has HOA: No
Location
Region: Kelowna
Financial & listing details
Price per square foot: C$810/sqft
Annual tax amount: C$5,115
Date on market: 12/8/2025
Cumulative days on market: 232 days
Ownership: Freehold,Fee Simple
JP Letnick
JP Letnick
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