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633 Glenwood Avenue Kelowna, British Columbia V1Y 5M2

3 Bedroom 3 Bathroom 2120 sqft
Fireplace Heat Pump Heat Pump, See Remarks Underground Sprinkler

$1,550,000

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:53701)

Property Details

MLS® Number 10323175
Property Type Single Family
Neigbourhood Kelowna South
Features Central Island
ParkingSpaceTotal 3

Building

BathroomTotal 3
BedroomsTotal 3
BasementType Crawl Space
ConstructedDate 1964
ConstructionStyleAttachment Detached
CoolingType Heat Pump
ExteriorFinish Vinyl Siding
FireplaceFuel Gas
FireplacePresent Yes
FireplaceType Unknown
FlooringType Carpeted, Hardwood
HalfBathTotal 1
HeatingType Heat Pump, See Remarks
RoofMaterial Asphalt Shingle
RoofStyle Unknown
StoriesTotal 2
SizeInterior 2120 Sqft
Type House
UtilityWater Municipal Water

Parking

See Remarks

Land

Acreage No
FenceType Fence
LandscapeFeatures Underground Sprinkler
Sewer Municipal Sewage System
SizeFrontage 50 Ft
SizeIrregular 0.18
SizeTotal 0.18 Ac|under 1 Acre
SizeTotalText 0.18 Ac|under 1 Acre
ZoningType Unknown

Rooms

Level Type Dimensions
Second Level Den 13'4'' x 6'4''
Second Level 4pc Ensuite Bath 9'9'' x 9'6''
Second Level Primary Bedroom 14'7'' x 16'6''
Main Level Dining Nook 10'2'' x 8'
Main Level Laundry Room 14'2'' x 6'5''
Main Level Partial Bathroom 5' x 4'6''
Main Level Full Bathroom 6'3'' x 7'7''
Main Level Bedroom 11'2'' x 9'5''
Main Level Bedroom 10' x 11'2''
Main Level Family Room 16'6'' x 13'
Main Level Kitchen 13'6'' x 14'
Main Level Dining Room 10' x 8'5''
Main Level Living Room 21'6'' x 13'2''

https://www.realtor.ca/real-estate/27356460/633-glenwood-avenue-kelowna-kelowna-south

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