633 Glenwood Avenue
Kelowna, British Columbia
MLS® 10392418
$1,199,900
- Status
- Active
- Property type
- House
- MLS® number
- 10392418
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1964
1 / 40Listing 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.
Property summary
- MLS® number
- 10392418
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,120 sq ft
- Title
- Freehold
- Land size
- 0.18 acres
- Built in
- 1964
- Annual property taxes
- $4,846.70
- Parking
- 3 spaces · Additional Parking
- Days on market
- 63 days
Features & details
- Heating
- Heat Pump, See remarks
- Cooling
- Heat Pump
- Basement
- Crawl space
- Flooring
- Hardwood, Carpeted
- Exterior features
- Vinyl siding
- Lot features
- Central island
What would this home cost you?
Based on the $1,199,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Kelowna, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.