Welcome to this rare opportunity of prime development property with huge potential in the prestigious Kelowna South. With recent zoning changed to MF4, this property offers tremendous potential for redevelopment, ranging from infill housing to six-story apartments. Ideally located just few steps away from Kelowna General Hospital, pristine beaches, Abbott Corridor, and only minutes from downtown and the vibrant Pandosy Village, this home is at the heart of everything you need. The current home features two spacious bedrooms upstairs and a 1 bedroom in-law suite downstairs. The basement suite includes its own laundry and a private entrance. The entire home is rented to month-to-month tenants. This property with Rear laneway access is ideal for rental income while it awaits redevelopment.