Discover a remarkable opportunity for investors and developers! This land assembly features two adjacent lots totaling 0.77 acres (33,541.12 SQF), strategically located in a high-demand area. The site is currently in the process of being approved for a 19-unit townhome development, offering immense potential for multi-family housing under the proposed OCP 2040 zoning. Key Highlights: Development Potential: Zoned for multi-family use, supporting a 19-townhome project (in process). Central Location: Conveniently situated just steps from public transportation, minutes from restaurants, grocery stores, and essential amenities. Proximity to Major Hubs: Close to UBC Okanagan, Kelowna Airport, and other key destinations. Rental Income: Both properties generate rental income, providing cash flow during the planning and approval phases. Why Invest? This site offers unparalleled potential for growth and returns in a thriving community with increasing demand for quality housing. Don’t miss your chance to capitalize on this rare opportunity to shape the future of housing in a prime location. (id:4069)
Address
157-163 Cariboo Road
List Price
$2,698,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Area
British Columbia
Sub-Area
Kelowna
Lot Size
0.77 Sq. Ft.
MLS® Number
10332175
Listing Brokerage
Oakwyn Realty Okanagan
Postal Code
V1V2E4
Schools
3 public & 2 Catholic schools serve this home. Of these, 3 have catchments. There are 2 private schools nearby.
Parks & Rec
4 trails, 2 playgrounds and 1 other facilities are within a 20 min walk of this home.
Transit
Street transit stop less than a 2 min walk away.
