UC5 zoned 50 X 120 property in South Pandosy Urban Centre - Superb location with an exceptional opportunity for developers and investors with a discerning eye for potential in the pulsating heart of South Pandosy Urban Centre. This property represents a lucrative venture for development opportunities and is on a street located where residential uses are required at grade with opportunities for limited commercial uses. With UC5 Zoning in place, the prospects are boundless, allowing for 6-storey building height. This property isn't just ideally situated; it's a canvas for visionary development. Capitalize on this rare chance to shape the future of one of Kelowna's prime locales, where investment translates to a legacy of urban excellence. The flat site is ripe for transformation. Imagine the possibilities in an area thriving with urban vibrancy. Location is a walker’s paradise to major amenities including Okanagan Lake, Gyro Beach, Pandosy Village, Pandosy Waterfront Park, Pandosy public pier, top-rated schools including Raymer Elementary, KLO, KSS and Okanagan College, KGH, medical offices, restaurants, patios, grocery stores, boutiques, and the public transit exchange. This property comes with a solid updated single-family residence with light oak LVP & laminate flooring and a floor to ceiling electric fireplace. Excellent income potential with 4 bedrooms and 2 bathrooms, including a 2-bedroom legal suite, with convenient alley access, and parking for five vehicles. (id:39198)