Welcome to the future heart of West Kelowna's thriving commercial scene! Situated in the prime location of Westbank Urban Centre ??? Commercial Core, this 0.33-acre property boasts an exciting opportunity for developers and investors alike. With recent changes to the Official Community Plan (OCP), this property's Land Use Designation has been strategically updated to align with the city's long-term vision. A new Zoning Bylaw, currently in progress, will further enhance the potential of this parcel, opening doors to a myriad of development possibilities. This is your chance to be a part of West Kelowna's evolution, with zoning that permits a diverse range of commercial ventures. From office spaces to retail outlets, mixed-use buildings to institutional facilities, and even live-work units, the potential for this property knows no bounds. With the flexibility to construct mid-rise to high-rise structures, reaching up to 15 stories (subject to design and lot size considerations), your vision can truly take flight here. Sold for land development value. While the existing home is sold ""as is,"" the true value lies in its potential for transformation. Don't miss out on this extraordinary opportunity to secure your foothold in West Kelowna's burgeoning commercial core. Home measurements are approximate. Property is currently tenanted but will most likely be vacant by July 2024.