894 Morrison Avenue Kelowna, British Columbia V1Y 5E5

$1,199,000

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:46156)

Property Details

MLS® Number	10370789
Property Type	Single Family
Neigbourhood	Kelowna South
Amenities Near By	Public Transit, Park, Recreation, Schools, Shopping
Community Features	Rentals Allowed
Features	Level Lot, Corner Site
Parking Space Total	6

Building

Bathroom Total	2
Bedrooms Total	3
Architectural Style	Ranch
Constructed Date	1948
Construction Style Attachment	Detached
Exterior Finish	Vinyl Siding
Flooring Type	Laminate
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Roof Material	Asphalt Shingle
Roof Style	Unknown
Stories Total	1
Size Interior	1,480 Ft2
Type	House
Utility Water	Municipal Water

Land

Acreage	No
Fence Type	Fence
Land Amenities	Public Transit, Park, Recreation, Schools, Shopping
Landscape Features	Level
Sewer	Municipal Sewage System
Size Frontage	56 Ft
Size Irregular	0.16
Size Total	0.16 Ac|under 1 Acre
Size Total Text	0.16 Ac|under 1 Acre

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Family Room			9'9'' x 15'6''
Main Level	Laundry Room			7'0'' x 6'0''
Main Level	3pc Bathroom			5'6'' x 6'5''
Main Level	Bedroom			8'0'' x 9'5''
Main Level	Bedroom			9'6'' x 13'0''
Main Level	4pc Bathroom			8'0'' x 8'4''
Main Level	Primary Bedroom			14'0'' x 11'3''
Main Level	Den			11'0'' x 15'4''
Main Level	Living Room			11'0'' x 14'9''
Main Level	Dining Room			8'9'' x 11'8''
Main Level	Kitchen			7'8'' x 9'6''

https://www.realtor.ca/real-estate/29171794/894-morrison-avenue-kelowna-kelowna-south