Don Rae Realtor


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  • 633 Glenwood Avenue Kelowna V1Y5M2

    Price : $1,499,900 Listing ID : 10333380
    Bedrooms Bathrooms
    Property Type : Single Family Building Type : House
    Title : Freehold Finished Area : 2120 sqft
    Built in : 1964 Total Parking Spaces : 3
    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:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : - Access : - Appliances Inc : -
    Community Features : - Features : Central island Structures : -
    Total Parking Spaces : 3 View : - Waterfront : -
    Zoning Type : Unknown
    Building
    Architecture Style : - Bathrooms (Partial) : 1 Cooling : Heat Pump
    Fire Protection : - Fireplace Fuel : Gas Fireplace Type : Unknown
    Floor Space : - Flooring : Carpeted, Hardwood Foundation Type : -
    Heating Fuel : - Heating Type : Heat Pump, See remarks Roof Style : Unknown
    Roofing Material : Asphalt shingle Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : Crawl space Development : - Features : -
    Land
    Landscape Features : Underground sprinkler
    Rooms
    Level : Type : Dimensions :
    Main level Bedroom 10' x 11'2''
    Bedroom 11'2'' x 9'5''
    Dining nook 10'2'' x 8'
    Dining room 10' x 8'5''
    Family room 16'6'' x 13'
    Full bathroom 6'3'' x 7'7''
    Kitchen 13'6'' x 14'
    Laundry room 14'2'' x 6'5''
    Living room 21'6'' x 13'2''
    Partial bathroom 5' x 4'6''
    Second level 4pc Ensuite bath 9'9'' x 9'6''
    Den 13'4'' x 6'4''
    Primary Bedroom 14'7'' x 16'6''
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.