LOADING

633 Glenwood Avenue Kelowna, British Columbia V1Y 5M2

Heat Pump Heat Pump, See Remarks

$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:59116)

Property Details

MLS® Number 10323178
Property Type Other
Neigbourhood Kelowna South
ParkingSpaceTotal 3

Building

CoolingType Heat Pump
ExteriorFinish Vinyl Siding
HeatingType Heat Pump, See Remarks
RoofMaterial Asphalt Shingle
RoofStyle Unknown
Type Residential Commercial Mix
UtilityWater Municipal Water

Parking

See Remarks

Land

Acreage No
CurrentUse Mixed Use
FenceType Fence
Sewer Municipal Sewage System
SizeFrontage 50 Ft
SizeIrregular 0.18
SizeTotal 0.18 Ac|under 1 Acre
SizeTotalText 0.18 Ac|under 1 Acre
ZoningType Unknown

https://www.realtor.ca/real-estate/27356459/633-glenwood-avenue-kelowna-kelowna-south

Interested?

Contact us for more information


Kaila Klassen


Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

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