1064-1084 Glenmore Drive, Kelowna, BC - Redevelopment Land with Holding Income

Redevelopment Land with Holding Income

1064-1084 Glenmore Drive, Kelowna, BC, V1Y 4P2

Price:
$3,650,000

Property Description

HM Commercial Group is pleased to present this opportunity for three (3) rental properties providing $83,400 in annual income (6,950/mth) plus future upside as a low-density multi-family development.

  • 27,342 sq.ft. land assembly, 3 titles, M to M tenants
  • Walkable to schools, neighbourhood retail centre, golf course
  • Located on a major transit route with easy connections to UBC Okanagan & Downtown
  • Corner location with lane access (119’D x 238’W)Ideal as an RM3 zoned Urban Townhome site (0.75 FAR) or wait for OCP to support 50 unit rental Apt (RM5r) that was proposed
  • $133.49/SF of land area

1064 Glenmore Drive, Kelowna, BC, Canada

Additional Information

Municipal Address 1064-1084 Glenmore Drive, Kelowna, BC, V1Y 4P2
Legal Description Lot 1-3 Plan KAP17490 Section 29 Township 26 Land District 41
PID 001-776-061, 008-394-342, 001-491-687
Location Details The subject properties are well located in the Glenmore neighbourhood of Kelowna, across the street from the Kelowna Golf and Country Club. They are situated walking distance from a variety of amenities including a Circle K, Liquor Store, Pharmacy, and Dairy Queen, and are in close proximity to multiple schools. There is a transit stop just 30 seconds away.
Development Site Area 0.63 acres
Land Area 0.63 acres
Zoning RU1 – Large Lot Housing
Future Land Use
(OCP)
Multiple Unit Residential (Low Density)

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.