For Sale

$1,349,000

550 Patterson Avenue, Kelowna, BC V1Y 5C6

5 Beds 3+1 Baths

Remarks

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 Summary

  • Annual Tax Amount: $2,992.00
  • Lot Size: 0.18 Acres
  • No. of Parking Spaces: 6
  • Floor Space (approx): 2344 Square Feet
  • Built in: 1947
  • Bedrooms: 5
  • Bathrooms (Total): 3+1

Property Features:

  • Appliances:
    Dryer , Dishwasher , Electric Range , Washer
  • Architectural Style:
    Two Story
  • Community Features:
    Near Schools , Park , Recreation Area , Shopping
  • Construction Materials:
    Stucco , Wood Frame
  • Cooling:
    None
  • Flooring:
    Hardwood , Laminate , Tile
  • Heating:
    Baseboard , Electric , Forced Air , Natural Gas
  • Parking Features:
    Additional Parking , Detached , Garage , []
  • Roof:
    Asphalt , Shingle
  • Sewer:
    Public Sewer
  • Waterfront Features:
    Other
  • Water Source:
    Public

Rooms

  • Bedroom:
    Level: Fourth
  • Bedroom:
    Level: Fourth
  • Bathroom:
    Level: Fourth
  • Living:
    Level: 3rd
  • Kitchen:
    Level: 3rd
  • Bathroom:
    Level: 3rd
  • Workshop:
    Level: Main Level
  • Other:
    Level: Main Level
  • Master Bedroom:
    Level: 2nd
  • Bathroom:
    Level: 2nd
  • Storage:
    Level: Main Level
  • Living:
    Level: Main Level
  • Laundry:
    Level: Main Level
  • Kitchen:
    Level: Main Level
  • Dining:
    Level: Main Level
  • Bedroom:
    Level: Main Level
  • Bedroom:
    Level: Main Level
  • Bathroom:
    Level: Main Level
Lifestyle
Neighbourhood Info
Sean Upshaw

Sean Upshaw

Sales Representative

Phone:  250-215-0708

Mobile:  250-215-0708

Fax:  250-860-0595

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Royal LePage Kelowna, Brokerage

1 - 1890 COOPER RD
Kelowna,  BC V1Y 8B7

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