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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

Glenmore

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157 Cariboo Rd, Kelowna, BC V1V 2E4

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