$1,299,000

This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-acre property is perfectly situated for development. The plans for a 19-unit development are ready for submission, including both this property and the adjacent 163 Cariboo Rd property. The current MF1 zoning allows for multi-family development, and the property is centrally located within minutes of schools, shopping centers, and downtown, making it a prime location for future residents. The property currently features a charming 2-bedroom plus den, 2-bathroom country cottage with a covered backyard. It is rented to a wonderful family at a discounted rate of $2,500/month, providing immediate rental income. Highlights: Rare development opportunity in North Glenmore 19-unit plans ready for submission 0.39-acre lot with MF1 zoning Centrally located, close to schools, shopping, and downtown Existing rental income from a charming country cottage (id:43334)

Property Details

MLS® Number	10332171
Property Type	Single Family
Neigbourhood	North Glenmore
Parking Space Total	5

Building

Bathroom Total	1
Bedrooms Total	3
Constructed Date	1972
Construction Style Attachment	Detached
Cooling Type	See Remarks
Heating Type	Other
Stories Total	1
Size Interior	1,260 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage

0

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	0.39
Size Total	0.39 Ac|under 1 Acre
Size Total Text	0.39 Ac|under 1 Acre
Zoning Type	Unknown

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Workshop			16' x 32'
Main Level	Bedroom			8' x 9'
Main Level	Primary Bedroom			9' x 13'
Main Level	Dining Room			11' x 12'
Main Level	Foyer			4' x 10'
Main Level	Full Bathroom			Measurements not available
Main Level	Bedroom			9' x 9'
Main Level	Kitchen			9' x 19'
Main Level	Living Room			12' x 19'

https://www.realtor.ca/real-estate/27802092/157-cariboo-road-kelowna-north-glenmore