550 Patterson Avenue, Kelowna, British Columbia

About 550 Patterson Avenue

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:6289)

550 Patterson Avenue, MLS#: 10368915 is located in the Kelowna South neighborhood of Kelowna, British Columbia, Postal Code: V1Y5C6. The Freehold home is 2,344 sq. ft. with 5 bedrooms and 4 bathrooms, along with 1 garages.

The Single Family Freehold property was constructed in 1947.

The property is currently listed at $1,279,000.

Map To 550 Patterson Avenue, Kelowna