633 Glenwood Avenue
Kelowna, British Columbia V1Y5M2

$1,550,000

ID# 10323175

3 Bedroom 3 Bathroom

Heat Pump Heat Pump See remarks

Virtual Tour

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:3942)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of Royal LePage Kelowna

Listed on: September 03, 2024

On market: 80 days

Bathroom Total	3
Bedrooms Total	3
Half Bathrooms Total	1
Year Built	1964
Cooling Type	Heat Pump
Flooring Type	Carpeted, Hardwood
Heating Type	Heat Pump, See remarks
Stories Total	2

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''

633 Glenwood Avenue
Kelowna, British Columbia V1Y5M2

3 Bedroom 3 Bathroom

Heat Pump Heat Pump See remarks

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