Potential to BUILD A 6 STORY BUILDING WITH UP TO 36 UNITS ON THIS ONE LOT! 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. For Developers looking for a larger project, the adjacent property at 607 Glenwood is also for sale. (id:51786)

• Property Details

  MLS® Number	10333380
  Property Type	Single Family
  Neigbourhood	Kelowna South
  Features	Central Island
  Parking Space Total	3

• Building

  Bathroom Total	3
  Bedrooms Total	3
  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
  Half Bath Total	1
  Heating Type	Heat Pump, See Remarks
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	2
  Size Interior	2120 Sqft
  Type	House
  Utility Water	Municipal Water

  See Remarks

• Land

  Acreage	No
  Fence Type	Fence
  Landscape Features	Underground Sprinkler
  Sewer	Municipal Sewage System
  Size Frontage	50 Ft
  Size Irregular	0.18
  Size Total	0.18 Ac|under 1 Acre
  Size Total Text	0.18 Ac|under 1 Acre
  Zoning Type	Unknown

• Rooms

  Level	Type	Length	Width	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''

• Utilities