633 Glenwood Avenue, Kelowna, British Columbia V1Y 5M2

Listed for:
$1,499,900
3 beds
3 baths
Listed 63 days ago
House for rent: 633 Glenwood Avenue, Kelowna, British Columbia V1Y 5M2

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Learn more about this property
Listing provided by:
Royal LePage Kelowna
MLS® number:
10333380
Agent:
Kaila Klassen
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About

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:27476)

Property Highlights

MLS® Number
10333380
Type
Single Family
Ownership Type
Freehold
Land Size
0.18 ac|under 1 acre
Parking Space Total
3

Building

Building Type
House
Storeys
2.00
Square Footage
2120 sqft
Bathrooms Total
3
Bedrooms Total
3
Exterior Finish
Vinyl siding
Fireplace Present
Yes
Basement Type
Crawl space
Basement Features
Building Heating Type
Heat Pump, See remarks
Heating Fuel
Building Cooling Type
Heat Pump

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

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''

Location

Street Spotlight - For sale