894 Morrison Avenue. Kelowna, British Columbia V1Y5E5

$1,199,000

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Down Payment: Monthly Payment:
  • 1,480 SqFt
  • $810.14 / SqFt
  • Neighbourhood: Kelowna South
  • HOA: N/a
  • MLS® #: 10370791
  • Year Built: 1948

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Description

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. (id:6289)

894 Morrison Avenue - Subdivision Statistics

Avg. asking price $1,084,613
Price per sq. ft. $647
Median price $925,000
Number of homes for sale in Kelowna South 249
Number of homes for sale in Kelowna 2163
Avg. Days on Market N/A

Essential Information

  • Listing #10370791
  • Price$1,199,000
  • Bathrooms0.00
  • Square Footage1,480
  • Acres0.16
  • Year Built1948
  • TypeOther
  • Sub-TypeOther

Amenities

  • FeaturesLevel lot, Corner Site
  • Parking Spaces6

Interior

  • Interior FeaturesDrywall
  • HeatingElectric Baseboard heaters

Community Information

  • Address894 Morrison Avenue
  • SubdivisionKelowna South
  • CityKelowna
  • ProvinceBritish Columbia
  • Postal CodeV1Y5E5

Amenities

Public Transit, Park, Recreation, Schools, Shopping

Exterior

  • ExteriorVinyl siding
  • Exterior FeaturesLevel
  • Lot DescriptionLevel lot, Corner Site
  • RoofAsphalt shingle
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Realtymonx
Request a showing of 894 Morrison Avenue, a 0 bedroom, 0.00 bathroom Other in Kelowna South, Kelowna. Built in 1948 and approximately 1,480 square feet in size, MLS #10370791 is currently listed for $1,199,000. To schedule a property tour, contact us at KelownaHomes.ca