1868 Ambrosi Road
Kelowna, British Columbia V1Y4R9

Opportunity to purchase a versatile property, ideal for an owner-user or as one of the last redevelopment sites on the street. The 0.17 AC site offers a converted 2,490 SF* split-level home that can fit a variety of commercial uses. Excellent central location between Harvey Avenue and Springfield Road in the Midtown Urban Centre, just a short walk to Orchard Park Mall and all major shopping, services, and transit options. The back alley at the rear of the property provides convenient access to the on-site parking area. Currently being used as a counselling office, the property provides multiple offices and meeting areas, reception area, kitchen, washrooms, finished basement, numerous exterior entrances, fenced yard, and wheelchair ramp. Recent updates completed in 2023 include a new furnace, hot water heater, flooring, wheelchair ramp, and perimeter fencing. The property is currently zoned UC3, which permits a building height of 6-storeys or 22.0 meters. Development potential of 1.8 base FAR and up to 0.55 FAR of bonus density available, with up to 100% site coverage. Ambrosi Road is designated as a Mixed Street in the OCP, which can contain any combination of commercial and residential principal uses at the ground floor and above. There are no current tenancy agreements in place, however the seller may be interested in doing a lease-back for a period of time. *Square footage is approximate and to be verified by Purchaser. (38663373)