157-163 Cariboo Road Kelowna, British Columbia V1V 2E4
$2,698,000
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:41053)
Property Details
| MLS® Number | 10332175 |
| Property Type | Other |
| Neigbourhood | North Glenmore |
Building
| Type | Residential Commercial Mix |
Land
| 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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April 24 2025 03:33:23
Okanagan-Mainline Real Estate Board
Oakwyn Realty Okanagan
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Contact Scott & Cole
Scott Marshall and his team are happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.