157-163 Cariboo Road Kelowna, British Columbia V1V 2E4
$2,698,000
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:59116)
Property Details
| MLS® Number | 10332175 |
| Property Type | Other |
| Neigbourhood | North Glenmore |
Building
| Type | Residential Commercial Mix |
Land
| Acreage | No |
| CurrentUse | Mixed Use |
| SizeFrontage | 244 Ft |
| SizeIrregular | 0.77 |
| SizeTotal | 0.77 Ac|under 1 Acre |
| SizeTotalText | 0.77 Ac|under 1 Acre |
| ZoningType | Unknown |
https://www.realtor.ca/real-estate/27806626/157-163-cariboo-road-kelowna-north-glenmore
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Contact us for more information
Kara Rosart
Personal Real Estate Corporation
#108 - 1980 Cooper Road
Kelowna, British Columbia V1Y 8K5
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January 15 2025 10:18:11
Okanagan-Mainline Real Estate Board
Oakwyn Realty Okanagan
