633 Glenwood Avenue
Kelowna, British Columbia V1Y5M2

$1,550,000

ID# 10323178
Rare opportunity to acquire a prime development property in the heart of South Kelowna. Currently featuring a well-maintained rental house, this expansive property offers immediate rental income while you plan your development. With MF4 zoning that allows for a 6-story building by blending neighbouring properties and located in a parking exempt zone, the potential for high returns on investment is immense. Close Proximity to shops, restaurants, services and steps away from the Kelowna General Hospital. Additionally, located within close proximity to Okanagan Lake. Key Features: • Zoning: MF4 zoning ideal for 6 story residential development with minimal parking restrictions by blending neighbouring properties. • Current Structure: Charming, income-generating house currently leased to reliable tenants for $3,650.00 per month. Casita in backyard which creates the potential for additional square footage and rental income • Location: Situated in a highly desirable area with robust market demand, ensuring strong appreciation potential. • Accessibility: Excellent transport links and proximity to major roads, public transport, shopping centres, schools, and recreational facilities. • Future Development: Perfect canvas for developers looking to build residential apartments, Potential FAR of max 2.8 https://drive.google.com/file/d/1nnRRM1iGSNHbZ5zrNUv8SJ7qGVlfjmDq/view (id:3942)
Courtesy of Royal LePage Kelowna

Listed on: September 03, 2024

On market: 45 days
Half Bathrooms Total 0
Cooling Type Heat Pump
Heating Type Heat Pump, See remarks
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633 Glenwood Avenue

Louise Levesque

Real Estate Advisor

 

MOBILE (250) 864-5218

Louise@LouiseLevesqueRealEstate.ca

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