Discover a remarkable opportunity for investors and developers! This land assembly features two adjacent lots totaling 0.77 acres (33,541.12 SQF), strategically located in a high-demand area. The site is currently in the process of being approved for a 19-unit townhome development, offering immense potential for multi-family housing under the proposed OCP 2040 zoning. Key Highlights: Development Potential: Zoned for multi-family use, supporting a 19-townhome project (in process). Central Location: Conveniently situated just steps from public transportation, minutes from restaurants, grocery stores, and essential amenities. Proximity to Major Hubs: Close to UBC Okanagan, Kelowna Airport, and other key destinations. Rental Income: Both properties generate rental income, providing cash flow during the planning and approval phases. Why Invest? This site offers unparalleled potential for growth and returns in a thriving community with increasing demand for quality housing. Don’t miss your chance to capitalize on this rare opportunity to shape the future of housing in a prime location. (id:57557)
| MLS® Number | 10332175 |
| Property Type | Other |
| Neigbourhood | North Glenmore |
| Type | Residential Commercial Mix |
| Acreage | No |
| Current Use | Mixed Use |
| Size Frontage | 244 Ft |
| Size Irregular | 0.77 |
| Size Total | 0.77 Ac|under 1 Acre |
| Size Total Text | 0.77 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27806626/157-163-cariboo-road-kelowna-north-glenmore
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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