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:26452)

House located at 157 Cariboo Kelowna, British Columbia V1V2E4. It has 3 beds, 1 bathrooms, and is 1260 square feet. The property was built in 1972. 157 Cariboo Kelowna, British Columbia V1V2E4 is in the Kelowna neighborhood. Kelowna North, Fintry, and Kelowna South are nearby neighbourhoods.