About 425 Glenwood Avenue
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.
Property Details of 425 Glenwood Avenue
| Price | $1,399,000 |
|---|---|
| Year Built | 1953 |
| Stories in Building | 2 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Rancher/Bungalow w/Bsmt. |
| Floor Levels | 2 |
| Main Floor | 1,000 sqft |
| Total Size | 1,925 sqft |
| Bedrooms | 3 |
| Full Baths | 2 |
| Fireplaces | 1 |
| Heating | Forced Air, Natural Gas |
| Basement | Finished, Exterior Entry |
| Title to Land | Freehold NonStrata |
| Property Taxes | $4,156 |
Amenities and Features
| Parking Type | Open, Rear Access |
|---|---|
| Parking Total | 4 |
| Site Influences | Lane Access |
Lot Size
| Lot Area | 7,841 |
|---|---|
| Frontage | 60 |
| Depth | 60 x |
Listing Details
| MLS® # | R2965959 |
|---|---|
| Status | Active |
| Listing Date | February 10th, 2025 |
| Address | 425 Glenwood Avenue |
| Subdivision | FVREB Out of Town |
| Area | FVREB Out of Town |
| Province | BC |
| Listing Office | eXp Realty of Canada, Inc. |