- ©MLS 10392418
- Area 2120 sq ft
- Bedrooms 3
- Bathrooms 3
- Parkings 3
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:48970) Show More
Details
- Constructed Date: 1964
- Property Type: Single Family
- Type: House
- Neighbourhood: Kelowna South
Features
- Central island
- Heat Pump
- Heat Pump
- See remarks
Rooms Details For 633 Glenwood Avenue
| Type | Level | Dimension |
|---|---|---|
| Den | Second level | 13'4'' x 6'4'' |
| 4pc Ensuite bath | Second level | 9'9'' x 9'6'' |
| Primary Bedroom | Second level | 14'7'' x 16'6'' |
| Dining nook | Main level | 10'2'' x 8' |
| Laundry room | Main level | 14'2'' x 6'5'' |
| Partial bathroom | Main level | 5' x 4'6'' |
| Full bathroom | Main level | 6'3'' x 7'7'' |
| Bedroom | Main level | 11'2'' x 9'5'' |
| Bedroom | Main level | 10' x 11'2'' |
| Family room | Main level | 16'6'' x 13' |
| Kitchen | Main level | 13'6'' x 14' |
| Dining room | Main level | 10' x 8'5'' |
| Living room | Main level | 21'6'' x 13'2'' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board