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157 Cariboo Road, Kelowna

Property Description

This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-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 163 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 2-bedroom plus den, 2-bathroom country cottage with a covered backyard. It is rented to a wonderful family at a discounted rate of $2,500/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:43014)

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Full Address:
157 Cariboo Road, Kelowna, British Columbia
Price:
$ 1,299,000
MLS Number:
10332171
List Date:
January 14th, 2025
Neighbourhood:
North Glenmore
Lot Size:
0.39 ac
Year Built:
1972
Taxes:
$ 3,986

Property Details

Bedrooms:
3
Bathrooms:
1
Air Conditioning:
See Remarks
Heating:
Other

Interior Features

Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Zoning:
Unknown
Garage:
Detached Garage
Garage Spaces:
5
Ownership Type:
Freehold
Taxes:
$ 3,986

Building Features

Finished Area:
1260 sq.ft.

Floors

Lot Size:
0.39 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Kara RosartOffice: Oakwyn Realty Okanagan

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This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-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 163 Cariboo Rd property. The current MF1 zoning allows for multi-family […]
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157 Cariboo Road, Kelowna

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