DOWNTOWN KELOWNA LOCATION, CORNER LOT, AND SIGNIFICANT FUTURE DEVELOPMENT POTENTIAL - this one is worth a look! This 2,093 sqft. raised bungalow sits directly beside Knox Mountain and offers a flexible layout for investors, homeowners, or developers. The main level features 2 bedrooms, 1 bathroom, an oversized living room, dining area, and kitchen with access to an 8' x 16' covered rear deck. Downstairs offers an additional bedroom and bathroom, large recreation room, and kitchenette, perfect for a separate suite. Recent updates include a new bathroom, new hot water tank, and new A/C motor in 2026. The furnace was replaced in 2015 and the roof in 2007. A covered carport accommodates up to 3 vehicles, with 2 additional parking spaces. Set in a quiet, established neighbourhood just minutes from downtown, with Knox Mountain hiking trails, the dog park, free boat launch, Okanagan Lake, restaurants, shops, and the growing Kelowna North area all close by. The property itself is zoned for higher-density development, while the nearby Kelowna Mill Site is planned for future redevelopment into expanded public parkland and beachfront, approximately a 5-minute walk away - adding even more appeal to this already well-positioned property. Whether you're looking for a home with a mortgage helper, a rental property, a long-term hold, or a future redevelopment opportunity, there is plenty to work with here! (id:4069)
Address
651 Richter Street
List Price
$824,500
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
3
Bathrooms
2
Floor Area
2,093 Sq. Ft.
Lot Size
0.12 Sq. Ft.
Year Built
1969
MLS® Number
10402312
Listing Brokerage
Realty One Real Estate Ltd
Postal Code
V1Y2J6
Ownership
Bare Land Condo/Strata
Parking Places (Total)
5
Community Features
Pets Allowed
Heat Type
Forced air, See remarks
Cooling Features
Central air conditioning
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Municipal sewage system
