MLS: 10332171
157 Cariboo Road
1260 sqft
3 Bedrooms
1 Bathrooms
$1,299,000
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:6770)
3+ bedrooms Single Family Home < 1 Acre NewListed by Kara Rosart
Oakwyn Realty Okanagan
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Overview
- Price $1,299,000
- MLS # 10332171
- Age 1972
- Stories 1
- Size 1260 sqft
- Bedrooms 3
- Bathrooms 1
- Cooling See Remarks
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Kara Rosart
- Listing Office Oakwyn Realty Okanagan
