633 Glenwood Avenue Active Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1Y5M2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $731
Subdivision Kelowna South
MLS Listing ID 10323175
Bedrooms 3
Half Baths 1
Originating Board Association of Interior REALTORS®
Year Built 1964
Lot Size 7,840 Sqft
Acres 7840.8
Property Description
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:24570)
Location
Province BC
Zoning Unknown
Rooms
Extra Room 1 Second level 13'4'' x 6'4'' Den
Extra Room 2 Second level 9'9'' x 9'6'' 4pc Ensuite bath
Extra Room 3 Second level 14'7'' x 16'6'' Primary Bedroom
Extra Room 4 Main level 10'2'' x 8' Dining nook
Extra Room 5 Main level 14'2'' x 6'5'' Laundry room
Extra Room 6 Main level 5' x 4'6'' Partial bathroom
Interior
Heating Heat Pump,See remarks
Cooling Heat Pump
Flooring Carpeted,Hardwood
Fireplaces Type Unknown
Exterior
Garage No
Fence Fence
Waterfront No
View Y/N No
Roof Type Unknown
Total Parking Spaces 3
Private Pool No
Building
Lot Description Underground sprinkler
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold