633 Glenwood Kelowna, British Columbia V1Y5M2, Kelowna , V1Y5M2
Listing ID: 10333380
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$1,499,900
Price
3
Bed
3
Bath
2,120
Sq. Ft.
Built: 1964
Data last updated: May 03, 2025 at 11:18am
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Property Description

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:26452)

House located at 633 Glenwood Kelowna, British Columbia V1Y5M2. It has 3 beds, 3 bathrooms, and is 2120 square feet. The property was built in 1964. 633 Glenwood Kelowna, British Columbia V1Y5M2 is in the Kelowna neighborhood. Kelowna North, Fintry, and Kelowna South are nearby neighbourhoods.
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Agent Contact: Kaila Klassen Phone: +12504601840
Listing Courtesy of: Royal LePage Kelowna
Source: crea , MLS#: 10333380 Agent Contact: KAILA KLASSEN Phone: +12504601840
Listing Courtesy of: Royal LePage Kelowna (AOIR)
Source: crea , MLS#: 10333380

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KK
Kaila Klassen
(250) 460-1840

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KK
Kaila Klassen
(250) 460-1840
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
Down Payment