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Royal LePage
Royal LePage
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$1,279,000

550 Patterson Avenue, Kelowna, BC, V1Y 5C6

MLS® # 10368915

5 Beds

4  Baths

2344  FEETSQ

QuickQuoteTM: $1.2M - $1.5M

Kelowna BC, V1Y 5C6

MLS® # 10368915

Property Information:

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!

Property Features:

  • Bedrooms: 5
  • Bathrooms: 3+1
  • Annual Tax Amount: $2,992
  • Appliances: Dryer, Dishwasher, Electric Range, Washer
  • Architectural Style: Two Story
  • Built in: 1947
  • Community Features: Near Schools, Park, Recreation Area, Shopping
  • Construction Materials: Stucco, Wood Frame
  • Cooling: None
  • Floor Space (approx): 2344 Square Feet
  • Flooring: Hardwood, Laminate, Tile
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Lot Size: 0.18 Acres
  • Parking Features: Additional Parking, Detached, Garage
  • Roof: Asphalt, Shingle
  • Water Source: Public
  • Waterfront Features: Other
  • Sewer: Public Sewer
  • No. of Parking Spaces: 6

Rooms:

  • Bedroom Other level :Fourth 2.77 m x 3.45 m
  • Bedroom Other level :Fourth 3.53 m x 3.68 m
  • Bathroom Other level :Fourth .00 m x .00 m
  • Living 3rd Level 3.73 m x 7.03 m
  • Kitchen 3rd Level 3.00 m x 3.51 m
  • Bathroom 3rd Level .00 m x .00 m
  • Workshop Main Level 3.07 m x 4.06 m
  • Other Main Level 2.72 m x 4.06 m
  • Primary Bedroom 2nd Level 3.40 m x 7.29 m
  • Bathroom 2nd Level .00 m x .00 m
  • Storage Main Level 1.96 m x 2.49 m
  • Living Main Level 4.29 m x 5.11 m
  • Laundry Main Level 1.58 m x 2.06 m
  • Kitchen Main Level 2.69 m x 4.04 m
  • Dining Main Level 1.68 m x 2.59 m
  • Bedroom Main Level 2.67 m x 3.66 m
  • Bedroom Main Level 2.92 m x 3.76 m
  • Bathroom Main Level .00 m x .00 m

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Location of 550 Patterson Avenue, Kelowna, BC, V1Y 5C6

Demographic Information of 550 Patterson Avenue, Kelowna, BC, V1Y 5C6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$120,278.36

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.17 %

High school certificate or equivalent

24.31 %

Apprenticeship trade certificate/diploma

7.82 %

College/non-university certificate

24.51 %

University certificate (below bachelor)

1.54 %

University Degree

30.65 %

Commuter

Travel To Work

By Car

71.31 %

By Public Transit

1.27 %

By Walking

18.57 %

By Bicycle

5.75 %

By Other Methods

3.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.39 %

Houses

71.61 %

Own Vs. Rent

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