157-163 Cariboo Road - MLS® # 10332175

Property Details

List Price:
$2,698,000
Living Area:
0 sqft.
Bedrooms:
N/A
Bathrooms:
N/A
Lot Size Area:
0.77 ac|under 1 acre
Taxes:
N/A
Type:
Residential Commercial Mix
Style:
N/A
Basement:
Year Built:
N/A

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:2469)

Listing Provided By

Oakwyn Realty Okanagan

Neighborhood Info

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 Real Estate Listing provided by
  • Manuella Farnsworth
  • 250.317.4008
  • 250.317.4008
  • 1 888 661 4434
  • 250 860 1600
  • manuellafarnsworth@gmail.com
  • Oakwyn Realty
  • 473 Bernard Ave
  • Kelowna, BC
  • V1Y 6N8