633 Glenwood Avenue, Kelowna, British Columbia V1Y5M2
Listing courtesy of Royal LePage Kelowna.
- $1,199,900
- 3
- BD
- 3
- BA
- 2,120
- SqFt
- List Price
- $1,199,900
- MLS®
- 10392418
- Days on Market
- 32
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 2,120
- Lot Size Dimensions
- 0.18
- Lot Size
- 7,840
- Subdivision
- Kelowna South
Property Description
Potential to BUILD A 6 STORY BUILDING with desirable MF4 zoning! 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 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 • 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. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- Kelowna South
- Parking Spaces
- 3
- Fireplaces
- 1
- Cooling
- Heat Pump
- Country
- Canada
- Flooring
- Hardwood, Carpeted
- Sewer
- Municipal sewage system
- Roof
- Asphalt shingle, Unknown
- Heating
- Heat Pump, See remarks
- Lot Features
- Central island
- Stories
- 2
- Lot Size
- 7,840
