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$1,279,000

550 Patterson Avenue

Kelowna South
Kelowna

5 Beds4 Baths
2,344 square feet
MLS® 10368915

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$1,279,000

550 Patterson Avenue

Kelowna South
Kelowna

5 Beds4 Baths
2,344 Sq. Ft.
MLS® 10368915

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:21321)

Full Address:
550 Patterson Avenue, Kelowna, British Columbia
Price:
$ 1,279,000
MLS Number:
10368915
List Date:
November 11th, 2025
Neighbourhood:
Kelowna South
Lot Size:
0.18 ac
Year Built:
1947
Taxes:
$ 2,992

Property Specifications

Bedrooms:
5
Bathrooms:
4
Appliances:
Washer, Range - Electric, Dishwasher, Dryer
Flooring:
Tile, Hardwood, Laminate
Heating:
Baseboard heaters, Forced air, Electric, See remarks
Fireplaces:
2
Fireplace Type:
Gas, Unknown
Basement:
Crawl space

Interior Features

Storeys:
1.5
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco
Garage:
Detached Garage, See Remarks, Additional Parking
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 2,992

Building Features

Finished Area:
2344 sq.ft.

Floors

Lot Size:
0.18 ac
Water Frontage Type:
Other

Land

Amenities Nearby:
Family Oriented, Pets Allowed

Neighbourhood Features

Office: Royal LePage Kelowna

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