1531 Bernard Avenue

0.5 acre parcel on the coveted Bernard Avenue, walking distance to Parkinson Recreation Centre, Landmark Office District, Downtown Core, Kelowna Golf and Country Club, and Shopping. Property DP was submitted prior to March 8, 2024, and as a result is grandfathered into the 2018 code. The new 2024 BC Building Code brings sweeping and expensive changes to adaptable dwelling units in apartment buildings that will not be applicable to this property’s DP. This is an opportunity to assume an assignment of the current contract to purchase the 0.5 acre lot. 1.96 proposed FAR with zoning bylaw currently being adopted to MF3. Property has a proposed 51 unit rental apartment building with 51 rental units with an average unit size of 973 SF, spectacular views from upper floors, and a suite mix of 6 Studio, 17 x 1BR, 24 x 2BR, 4 x 3BR. 61 on-site parking stalls and 46 on-site bike stalls with projected rent of $3.02/SF per month. (id:58842)