See all 43 photos

$1,279,000

Est. payment - /mo

Save

5 Beds

4 Baths

2,344 SqFt

New

550 Patterson Avenue Kelowna, BC V1Y5C6

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Nov

Fri

Nov

Sat

Nov

Shannon Bubalo

shannon@thebubalogroup.com +1(647) 981-7620

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,344 sqft

Price per Sqft $545

Subdivision Kelowna South

MLS® Listing ID 10368915

Bedrooms 5

Half Baths 1

Year Built 1947

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Freehold

Source Association of Interior REALTORS®

Property Description

ATTENTION DEVELOPERS & INVESTORS! Prime opportunity in the heart of Kelowna! This well-maintained single-family home with a carriage house offers exceptional potential when combined with the adjoining properties at 530 & 540 Patterson (MLS# 10313190 & 10313085), totaling 0.46 acres of development-ready land. Currently zoned MF1 within the C-NHD, this site sits on the transit corridor—making it ideal for MF3 zoning and a potential six-storey apartment development. The City of Kelowna has recently installed new sewer lines along the alley, further enhancing development readiness. In the meantime, both the main home and carriage home offer strong rental income potential, making this an excellent holding property. Alternatively, the lot could support a townhome development, following the successful projects nearby. Don't miss this rare opportunity to secure a key parcel in one of Kelowna's most promising urban growth areas! (id:24570)

Location

Province BC

Rooms

Kitchen 2.0

Extra Room 1 Second level 11'2'' x 23'11'' Primary Bedroom

Extra Room 2 Second level Measurements not available 3pc Bathroom

Extra Room 3 Third level 12'3'' x 23'1'' Living room

Extra Room 4 Third level 9'10'' x 11'6'' Kitchen

Extra Room 5 Third level Measurements not available 2pc Bathroom

Extra Room 6 Fourth level 9'1'' x 11'4'' Bedroom

Interior

Heating Baseboard heaters, , Forced air, See remarks

Flooring Hardwood, Laminate, Tile

Fireplaces Number 2

Fireplaces Type Unknown

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Community Features Family Oriented, Pets Allowed

View Y/N No

Roof Type Unknown

Total Parking Spaces 6

Private Pool No

Building

Lot Description Landscaped, Level

Story 1.5

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Royal LePage Kelowna