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633 Glenwood Avenue, Kelowna

Property Description

Potential to BUILD A 6 STORY BUILDING WITH UP TO 36 UNITS ON THIS ONE LOT! 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:43014)

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Full Address:
633 Glenwood Avenue, Kelowna, British Columbia
Price:
$ 1,499,900
MLS Number:
10333380
List Date:
January 27th, 2025
Neighbourhood:
Kelowna South
Lot Size:
0.18 ac
Year Built:
1964
Taxes:
$ 4,478

Property Details

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

Interior Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Unknown
Exterior:
Vinyl siding
Garage:
See Remarks
Garage Spaces:
3
Ownership Type:
Freehold
Taxes:
$ 4,478

Building Features

Finished Area:
2120 sq.ft.

Floors

Lot Size:
0.18 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Kaila KlassenOffice: Royal LePage Kelowna

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Potential to BUILD A 6 STORY BUILDING WITH UP TO 36 UNITS ON THIS ONE LOT! 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 […]
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633 Glenwood Avenue, Kelowna

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Kelowna South

Central location, inviting atmosphere, and a variety of real estate options make Kelowna South one of the most sought-after neighbourhoods in all of Kelowna. Beaches, greenspaces, restaurants, entertainment, schools, you name it and you can find it in this historic Kelowna Neighbourhood, usually within walking distance!

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