$1,550,000 FOR SALE

Detached

Bedrooms: 3Bathrooms: 3Lot: 50 x 0 ft

633 Glenwood Avenue
Kelowna, BC V1Y 5M2 | Kelowna South

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:47423)

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Listed By Royal LePage Kelowna
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 10323175
Last Updated Sep 03, 2024
Property Summary
Property Type Detached

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Neighbourhood Kelowna South
Price History
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Detailed Information
Bedrooms 3
Bathrooms 3
Lot 50 x 0 ft
Features Central island
Listing Contract Date 2024-09-03
Municipal ID 009-159-592
Ownership Type Freehold
# of Parking Spaces 3
Property Type Single Family
Transaction Type For sale
Zoning Unknown
Building
Basement Type Crawl space
Constructed Date 1964
Construction Style (Attachment) Detached
Cooling Type Heat Pump
Exterior Finish Vinyl siding
Fireplace Fuel Gas
Fireplace Present Yes
Fireplace Type Unknown
Flooring Type Carpeted, Hardwood
# of Half Bathrooms 1
Heating Type Heat Pump, See remarks
Roof Material Asphalt shingle
Roof Style Unknown
Stories Total 2
Type House
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
DenSecond level13'4'' x 6'4''
4pc Ensuite bathSecond level9'9'' x 9'6''
Primary BedroomSecond level14'7'' x 16'6''
Dining nookMain level10'2'' x 8'
Laundry roomMain level14'2'' x 6'5''
Partial bathroomMain level5' x 4'6''
Full bathroomMain level6'3'' x 7'7''
BedroomMain level11'2'' x 9'5''
BedroomMain level10' x 11'2''
Family roomMain level16'6'' x 13'
KitchenMain level13'6'' x 14'
Dining roomMain level10' x 8'5''
Living roomMain level21'6'' x 13'2''
Parking Spaces
Name Spaces
See Remarks
Land
Total Size 0.18 acres
Fence Type Fence
Landscape Features Underground sprinkler
Sewer Municipal sewage system
Size of Irregular Land 0.18

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