LOADING

633 Glenwood Avenue

$1,800,000

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:50889)

Property Details

MLS® Number

10314640

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

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

Interested?

Contact us for more information

team green group logo 250-486-4282 info@teamgreen.ca

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