This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.38-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 157 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 5-bedroom plus den, 3-bathroom country cottage with a covered backyard. It is rented to a wonderful family at $4,500/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
For sale
C$1,399,000
163 Cariboo Rd, Kelowna, BC V1V 2E4
5beds
2,864sqft
Single Family Residence
Built in 1972
0.38 Acres Lot
$-- Zestimate®
C$488/sqft
C$-- HOA
What's special
Charming country cottageCovered backyard
- 206 days
- on Zillow |
- 3 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 10:32am
Listed by:
Kara Rosart,
Oakwyn Realty Okanagan
Source: Association of Interior REALTORS,MLS®#: 10332173Originating MLS®#: Association of Interior REALTORS
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13.00x10.00
Bedroom
- Level: Second
- Area: 96 Square Feet
- Dimensions: 12.00x8.00
Bedroom
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11.00x11.00
Bedroom
- Level: Second
- Area: 120 Square Feet
- Dimensions: 12.00x10.00
Bedroom
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13.00x12.00
Den
- Level: Basement
- Area: 88 Square Feet
- Dimensions: 11.00x8.00
Dining room
- Level: Second
- Area: 64 Square Feet
- Dimensions: 8.00x8.00
Dining room
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12.00x9.00
Other
- Features: Three Piece Bathroom
- Level: Second
- Area: 64 Square Feet
- Dimensions: 8.00x8.00
Other
- Features: Three Piece Bathroom
- Level: Basement
- Area: 35 Square Feet
- Dimensions: 7.00x5.00
Other
- Features: Four Piece Bathroom
- Level: Main
- Area: 50 Square Feet
- Dimensions: 10.00x5.00
Kitchen
- Level: Second
- Area: 76.5 Square Feet
- Dimensions: 9.00x8.50
Kitchen
- Level: Main
- Area: 147.33 Square Feet
- Dimensions: 13.00x11.33
Laundry
- Level: Basement
- Area: 108 Square Feet
- Dimensions: 12.00x9.00
Living room
- Level: Main
- Area: 200 Square Feet
- Dimensions: 16.00x12.50
Living room
- Level: Second
- Area: 156 Square Feet
- Dimensions: 13.00x12.00
Recreation
- Level: Basement
- Area: 224 Square Feet
- Dimensions: 16.00x14.00
Heating
- Forced Air, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer
Features
- Den
- Flooring: Laminate
- Windows: Window Treatments
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total interior livable area: 2,864 sqft
- Finished area above ground: 1,864
- Finished area below ground: 1,000
Property
Parking
- Total spaces: 8
- Parking features: Additional Parking, Attached, Garage
- Attached garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
- Uncovered spaces: 6
Features
- Levels: Two,Multi/Split
- Stories: 2
- Exterior features: Private Yard
- Pool features: None
- Waterfront features: None
Lot
- Size: 0.38 Acres
- Dimensions: 120.00 x 136.00
- Features: Irregular Lot, Secluded
Details
- Parcel number: 007921926
- Zoning: RR3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bi-Level
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Siding, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Schools
HOA
- Has HOA: No
Location
- Region: Kelowna
Financial & listing details
- Price per square foot: C$488/sqft
- Annual tax amount: C$4,877
- Date on market: 1/15/2025
- Ownership: Freehold,Fee Simple
- Loading