157-163 Cariboo Rd

For Sale 236 Days
$2,698,000
beds
baths

157-163 Cariboo Rd

For Sale 236 Days
$2,698,000
beds
baths

Highlights

Key insights

Description

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:55581)

Kara Rosart of Oakwyn Realty Okanagan,
#10332175
updated 3 months ago.
Houseful checked MLS® for data 3 months ago.

Home overview

Location
  • Subdivision
    North glenmore
  • Zoning description
    Unknown
Lot/ Land Details
  • Lot dimensions
    0.77
Overview
  • Lot size (acres)
    0.77
  • Listing #
    10332175
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/27806626/157-163-cariboo-road-kelowna-north-glenmore
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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