Located in the desirable Glenmore area, these lots have the potential for the development of up to 19~, 3-story townhomes. While currently in the process of receiving city approval, these two houses are rental-income generating. They are currently rented for $2,500 per month (157 Cariboo), and $4,500 per month.
Steps from North Glenmore Elementary School, and Ecole Dr. Knox Middle School, this is the perfect location for families. Minutes from Kelowna's downtown, as a short drive to UBC-O and the international airport, this area is highly sought after. Walking minutes from grocery stores, pharmacies, restaurants, transit, parks, and more! This beautiful slice of Glenmore has a combined lot size of approximately 0.77 Acres.
As per the architectural renderings for these properties, there is a potential to develop up to 19 three-bedroom, 2.5-bathroom townhomes. Near all amenities and easily accessible, this development has the potential for high investment returns while adding your legacy to the ever-evolving Kelowna landscape!
Information package with detailed architectural drawings available upon request-- see form below!
| Address | 157 + 163 Cariboo Road |
| List Price | $3,898,000 |
| Type of Dwelling | Multi-family |
| Area | British Columbia |
| Sub-Area | Kelowna |
| Lot Size | 0.77 Sq. Ft. |
| Listing Brokerage | Sage Executive Group Real Estate |
| Amenities | Grocery stores, pharmacies, three schools, UBC-O, international airport, parks, medical clinics, restaurants, transit |
