550 Patterson Avenue, Kelowna, BC, V1Y 5C6

$1,279,000

MLS® # 10368915

House For Sale In Kelowna, British Columbia

$1,279,000

  • 5

    Bedrooms

  • 4

    Baths

  • 0.18 Acres

    Lot Size

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

Courtesy of: Royal LePage Kelowna

This listing content provided by Association of Interior REALTORS.

Additional Photos