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Main Photo: 633 Glenwood Avenue in Kelowna: Other for sale : MLS®# 10314640
Photo 1: 633 Glenwood Avenue in Kelowna: Other for sale : MLS®# 10314640
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Status:
Active
Prop. Type:
Other
MLS® Num:
10314640
Build. Type:
Residential Commercial Mix
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:2493)
Property Type:
Other
Transaction Type:
For sale
Community:
Kelowna South
Building Type:
Residential Commercial Mix
Half Bathrooms:
0
Cooling:
Heat Pump
Exterior Finish:
Vinyl siding
Fireplace:
No
Heating:
Heat Pump, See remarks
Roof Style:
Asphalt shingle, Unknown
Water:
Municipal water
Sewer:
Municipal sewage system
Current Use:
Mixed use
Fence Type:
Fence
Lot Frontage:
50'
Acreage:
No
Lot Size:
7,840.8 sq. ft.
Lot Size:
0.18 ac|under 1 acre
Lot Details:
0.18
Total Parking Spaces:
3
Parking Type:
See Remarks
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Listed by Royal LePage Kelowna
Data was last updated June 24, 2024 at 09:45 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$2,290,000
Min list price:
$929,000
Max list price:
$3,600,000
Avg days on market:
67
Min days on market:
5
Max days on market:
139
Avg price per sq.ft.:
$532.1
These statistics are generated based on the current listing's property type and located in Kelowna South. Average values are derived using median calculations.
AMANDA WESTRHEIM
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.