About 157 Cariboo Road
This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-acre property is perfectly situated for development. The plans for a 19-unit development are ready for submission, including both this property and the adjacent 163 Cariboo Rd property. The current MF1 zoning allows for multi-family development, and the property is centrally located within minutes of schools, shopping centers, and downtown, making it a prime location for future residents. The property currently features a charming 2-bedroom plus den, 2-bathroom country cottage with a covered backyard. It is rented to a wonderful family at a discounted rate of $2,500/month, providing immediate rental income. Highlights: Rare development opportunity in North Glenmore 19-unit plans ready for submission 0.39-acre lot with MF1 zoning Centrally located, close to schools, shopping, and downtown Existing rental income from a charming country cottage (id:6289)
157 Cariboo Road, MLS#: 10332171 is located in the North Glenmore neighborhood of Kelowna, British Columbia, Postal Code: V1V2E4. The Freehold home is 1,260 sq. ft. with 3 bedrooms and 1 bathrooms, along with 1 garages.
The Single Family Freehold property was constructed in 1972.
The property is currently listed at $1,299,000.
