$1,999,700
Located in the heart of Glenmore on a transit corridor, this property offers exceptional development potential with mixed MF3 & MF1 zoning, contingent on a three-lot subdivision. Current zoning rights and preliminary discussions with the city and a planning consultant indicate the potential to subdivide into two MF1 lots, each allowing for two six-plex buildings, and one MF3 lot with a higher-density apartment (1.3 – 1.8 FAR), yielding 20,000 buildable sqft. Note, the city does not support rezoning the full lot to MF3. Additionally, a road dedication to connect McTavish Rd through the property is required to facilitate subdivision. This prime location provides a unique opportunity for developers to maximize their investment in a growing area. (id:53701)
Property Details
MLS® Number
|
10315856 |
Property Type
|
Vacant Land |
Neigbourhood
|
Glenmore |
RoadType
|
Paved Road |
Building
Type
|
Other |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
CurrentUse
|
Development Residential |
Sewer
|
Municipal Sewage System |
SizeIrregular
|
0.89 |
SizeTotal
|
0.89 Ac|under 1 Acre |
SizeTotalText
|
0.89 Ac|under 1 Acre |
ZoningType
|
Unknown |
Utilities
Cable
|
Available |
Electricity
|
Available |
Natural Gas
|
Available |
Telephone
|
Available |
Sewer
|
Available |
Water
|
Available |
https://www.realtor.ca/real-estate/26997643/328-glenmore-road-kelowna-glenmore