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$ 1,399,900
Est. payment /mo
New
633 Glenwood Avenue Kelowna, BC V1Y5M2
2,120 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $660
Subdivision Kelowna South
MLS® Listing ID 10362486
Year Built 1964
Lot Size 7,840 Sqft
Acres 0.18
Source Association of Interior REALTORS®
Property Description
Potential to BUILD A 6 STORY BUILDING WITH UP TO 36 UNITS ON THIS ONE LOT! 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. For Developers looking for a larger project, the adjacent property at 607 Glenwood is also for sale. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Heat Pump, See remarks
Cooling Heat Pump
Exterior
Parking Features Yes
Fence Fence
View Y/N No
Roof Type Unknown
Total Parking Spaces 3
Private Pool No
Building
Sewer Municipal sewage system
Others
Virtual Tour https://www.youtube.com/shorts/uV_FH6dLYuM
Listed by Royal LePage Kelowna
