This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.38-acre property is perfectly situated for development. The plans for a 19-unit development are ready for submission, including both this property and the adjacent 157 Cariboo Rd property. The current MF1 zoning allows for multi-family development, and the property is centrally located within minutes of schools, shopping centers, and downtown, making it a prime location for future residents. The property currently features a charming 5-bedroom plus den, 3-bathroom country cottage with a covered backyard. It is rented to a wonderful family at $4,500/month, providing immediate rental income. Highlights: Rare development opportunity in North Glenmore 19-unit plans ready for submission 0.39-acre lot with MF1 zoning Centrally located, close to schools, shopping, and downtown Existing rental income from a charming country cottage (id:4069)
Address
163 Cariboo Road
List Price
$1,399,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
5
Bathrooms
3
Floor Area
2,864 Sq. Ft.
Lot Size
0.38 Sq. Ft.
Year Built
1972
MLS® Number
10332173
Listing Brokerage
Oakwyn Realty Okanagan
Basement Area
Full
Postal Code
V1V2E4
Site Influences
Schools
Features
Irregular lot size
