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:20737)

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