633 Glenwood Avenue

Other For Sale in Kelowna, British Columbia

$1,550,000
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:4069)
Address 633 Glenwood Avenue
List Price $1,550,000
Property Type Other
Type of Dwelling Residential Commercial Mix
Area British Columbia
Sub-Area Kelowna
Lot Size 0.18 Sq. Ft.
MLS® Number 10323178
Listing Brokerage Royal LePage Kelowna
Postal Code V1Y5M2

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Kara Rosart

Oakwyn Realty

473 Bernard Ave Kelowna BC V1Y 6N8

Mobile: (250) 863-1274

Office: (250) 448-8885

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