157 Cariboo Road
Kelowna, British Columbia V1V2E4

$1,299,000

ID# 10332171
This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-acre property is perfectly situated for development. The plans for a 19-unit development are ready for submission, including both this property and the adjacent 163 Cariboo Rd property. The current MF1 zoning allows for multi-family development, and the property is centrally located within minutes of schools, shopping centers, and downtown, making it a prime location for future residents. The property currently features a charming 2-bedroom plus den, 2-bathroom country cottage with a covered backyard. It is rented to a wonderful family at a discounted rate of $2,500/month, providing immediate rental income. Highlights: Rare development opportunity in North Glenmore 19-unit plans ready for submission 0.39-acre lot with MF1 zoning Centrally located, close to schools, shopping, and downtown Existing rental income from a charming country cottage (id:3942)
Courtesy of Oakwyn Realty Okanagan
Listed on: January 13, 2025

On market: 17 days
Bathroom Total 1
Bedrooms Total 3
Half Bathrooms Total 0
Year Built 1972
Cooling Type See Remarks
Heating Type Other
Stories Total 1
WorkshopMain level16' x 32'
BedroomMain level8' x 9'
Primary BedroomMain level9' x 13'
Dining roomMain level11' x 12'
FoyerMain level4' x 10'
Full bathroomMain levelMeasurements not available
BedroomMain level9' x 9'
KitchenMain level9' x 19'
Living roomMain level12' x 19'
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157 Cariboo Road

Louise Levesque

Real Estate Advisor

 

MOBILE (250) 864-5218

Louise@LouiseLevesqueRealEstate.ca

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