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$ 1,999,700
Est. payment | /mo
0.89 Acres Lot
$ 1,999,700
Est. payment | /mo
0.89 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Glenmore
MLS® Listing ID 10315856
Originating Board Association of Interior REALTORS®
Lot Size 0.890 Acres
Acres 38768.4
Property Description
Located in the heart of Glenmore on a transit corridor, this property offers exceptional development potential. Current zoning rights and preliminary discussions with the city and a planning consultant indicate two possible development options. The first option is a rezone to MF2, which would allow for up to 20 townhomes. The second option is a three-lot subdivision: two MF1 lots west of McTavish, each accommodating a six-plex building, and one MF3 lot bordering Glenmore Rd, with a higher-density apartment (1.3–1.8 FAR), yielding 20,000 buildable square feet. A road dedication to connect McTavish Rd through the property may be required for subdivision. The city has indicated it does not support rezoning the full lot to MF3. This prime location offers a unique opportunity for developers to maximize their investment in a growing area. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Kelowna
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