$1,199,900

633 Glenwood Avenue, Kelowna

Kelowna South, Kelowna, BC V1Y5M2

3 bd · 3 ba · 2,120 sq ft · Single-family home

Listed by Royal LePage Kelowna

About this property

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. (id:67417)

Property details

Price

$1,199,900

MLS® number

10392418

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

3

Bathrooms

3 (1 partial)

Living area

2,120 sq ft

Lot size

0.18 acres · 0.18

Frontage

50 feet

Year built

1964

Storeys

2

Parking spaces

3

Annual taxes

$4,847

Community

Kelowna South, Kelowna

Features

Basement

Crawl space

Heating

Heat Pump, See remarks

Cooling

Heat Pump

Parking

Additional Parking

Fireplace

Gas, Unknown

Flooring

Hardwood, Carpeted

Roof

Asphalt shingle, Unknown

Exterior

Vinyl siding

Lot

Central island

Water

Municipal water

Sewer

Municipal sewage system

Fencing

Fence

Rooms

Level	Room	Size
Main level	Dining nook	8' x 10'2''
Main level	Laundry room	6'5'' x 14'2''
Second level	Den	6'4'' x 13'4''
Main level	Partial bathroom	4'6'' x 5'
Main level	Full bathroom	7'7'' x 6'3''
Second level	4pc Ensuite bath	9'6'' x 9'9''
Main level	Bedroom	9'5'' x 11'2''
Main level	Bedroom	11'2'' x 10'
Second level	Primary Bedroom	16'6'' x 14'7''
Main level	Family room	13' x 16'6''
Main level	Kitchen	14' x 13'6''
Main level	Dining room	8'5'' x 10'
Main level	Living room	13'2'' x 21'6''

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