Property Information:

Incredible Value! $132K Under Assessment on .23-Acre Development Lot with Huge Potential Situated on the corner of Ethel Street and Saucier Avenue, this 0.23-acre property presents exceptional potential in one of Kelowna’s most dynamic growth corridors. With 71 feet of frontage on Ethel and 143 feet on Saucier, it offers prime visibility, easy access, and versatile design options—making it an ideal site for a multi-unit development under the city’s new zoning framework. Perfect for developers and investors alike, this property can accommodate up to 10 stacked townhome units on its own or serve as a strategic piece in a larger land assembly. Its central location—just minutes from downtown Kelowna, beaches, restaurants, and major transit routes—places it directly in the path of future growth and housing demand. For those seeking immediate use or income, the existing home offers strong potential to be fixed up and used as a rental or residence. Featuring 3 bedrooms and 1 bathroom on the main level, plus a partially finished basement with additional rooms and a workshop area, it’s a solid holding property with major upside. Whether you’re looking to develop, hold, or assemble, this rare corner lot represents an outstanding opportunity to invest in one of Kelowna’s fastest-evolving urban areas. (id:27)