Located in the desirable Glenmore area, these lots have the potential for the development of up to 19~, 3-story townhomes. While currently in the process of receiving city approval, these two houses are rental-income generating. They are currently rented for $2,500 per month (157 Cariboo), and $4,500 per month.
Steps from North Glenmore Elementary School, and Ecole Dr. Knox Middle School, this is the perfect location for families. Minutes from Kelowna's downtown, as a short drive to UBC-O and the international airport, this area is highly sought after. Walking minutes from grocery stores, pharmacies, restaurants, transit, parks, and more! This beautiful slice of Glenmore has a combined lot size of approximately 0.77 Acres.
As per the architectural renderings for these properties, there is a potential to develop up to 19 three-bedroom, 2.5-bathroom townhomes. Near all amenities and easily accessible, this development has the potential for high investment returns while adding your legacy to the ever-evolving Kelowna landscape!
Information package with detailed architectural drawings available upon request-- see form below!
Address
157 + 163 Cariboo Road
List Price
$2,698,000
Type of Dwelling
Multi-family
Area
British Columbia
Sub-Area
Kelowna
Lot Size
0.77 Sq. Ft.
Listing Brokerage
Sage Executive Group Real Estate
Amenities
Grocery stores, pharmacies, three schools, UBC-O, international airport, parks, medical clinics, restaurants, transit
