633 Glenwood Avenue

Kelowna British Columbia V1Y5M2

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:22446)

Listing Details

Property Details

Full Address:
633 Glenwood Avenue, Kelowna, British Columbia
Price:
$ 1,800,000
MLS Number:
10314537
List Date:
May 21st, 2024
Neighbourhood:
Kelowna South
Lot Size:
0.18 ac
Year Built:
1964
Taxes:
$ 4,143

Interior Features

Bedrooms:
3
Bathrooms:
3
Flooring:
Hardwood, Carpeted
Air Conditioning:
Heat Pump
Heating:
Heat Pump, See remarks
Fireplaces:
1
Fireplace Type:
Gas, Unknown
Basement:
Crawl space

Building Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Multi-Family
Exterior:
Vinyl siding
Garage:
See Remarks
Garage Spaces:
3
Ownership Type:
Freehold
Taxes:
$ 4,143

Floors

Finished Area:
2120 sq.ft.

Land

Lot Size:
0.18 ac

Neighbourhood Features

Ratings

Commercial Info

Location

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