163 Cariboo Road
Kelowna, British Columbia V1V2E4

$1,399,000

ID# 10332173
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 3
Bedrooms Total 5
Half Bathrooms Total 0
Year Built 1972
Cooling Type Wall unit
Flooring Type Laminate
Heating Type Forced air, See remarks
Stories Total 2
3pc BathroomSecond level8'0'' x 8'0''
BedroomSecond level12'0'' x 8'0''
BedroomSecond level12'0'' x 10'0''
KitchenSecond level9'0'' x 8'6''
Dining roomSecond level8'0'' x 8'0''
Living roomSecond level13'0'' x 12'0''
3pc BathroomBasement7'0'' x 5'0''
Laundry roomBasement12'0'' x 9'0''
DenBasement11'0'' x 8'0''
BedroomBasement13'0'' x 12'0''
Recreation roomBasement16'0'' x 14'0''
4pc BathroomMain level10'0'' x 5'0''
BedroomMain level11'0'' x 11'0''
Primary BedroomMain level13'0'' x 10'0''
KitchenMain level13'0'' x 11'4''
Dining roomMain level12'0'' x 9'0''
Living roomMain level16'0'' x 12'6''
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163 Cariboo Road

Louise Levesque

Real Estate Advisor

 

MOBILE (250) 864-5218

Louise@LouiseLevesqueRealEstate.ca

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