3 bed
2 bath
1,925 sqft
Single Family Residence
Built in 1953
7,840 sqft lot
4 parking
1 fireplace
Freehold NonStrata
MF4 zone
Public remarks
Welcome to this rare opportunity of prime development property with huge potential in the prestigious Kelowna South. With recent zoning changed to MF4, this property offers tremendous potential for redevelopment, ranging from infill housing to six-story apartments. Ideally located just few steps away from Kelowna General Hospital, pristine beaches, Abbott Corridor, and only minutes from downtown and the vibrant Pandosy Village, this home is at the heart of everything you need. The current home features two spacious bedrooms upstairs and a 1 bedroom in-law suite downstairs. The basement suite includes its own laundry and a private entrance. The entire home is rented to month-to-month tenants. This property with Rear laneway access is ideal for rental income while it awaits redevelopment.
Private remarks
Measurements provided by the sellers are approximate and should be verified if deemed important. Tenanted property and needs minimum 24 hours notice for showings. Property contains accommodation which is not authorized. Property zoning recently changed to MF4 which allows a range of redevelopments from infill housing up to 6-storey apartments. Mostly land value. AOIR MLS# 10335163
Buyer agency compensation
3.50% on first $100k plus 1.50% on the remaining balance
$1,399,000 ($726/sqft)
Active
Listed
02/10/2025
Expiry date
Original price
Gross taxes (2024)
$4,155.71
Property transfer tax
$25,980.00
Last Updated: 02/17/2025 02:17 PM
Courtesy of eXp Realty of Canada, Inc.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 425 Glenwood Avenue | R2965959 | 02/17/2025 02:17 PM | 02/10/2025 | Active | $1,399,000 | Login to view | Raman Dhaliwal - PREC | eXp Realty of Canada, Inc. |