Eden
Box 930, 9925 Main Street
Summerland, BC
Canada V0H 1Z0
Details
Address | 328 Glenmore Road |
Area | Central Okanagan |
Sub Area | GL - Glenmore |
State/Province | British Columbia |
Country | Canada |
Price | $1,999,700 |
Property Type | Residential Development |
Lot Size | 0.89 Acres |
Waterfront | No |
Taxes | $4,935 |
Tax Year | 2023 |
MLS® # | 10315856 |
Located in the heart of Glenmore on a transit corridor, this property offers exceptional development potential with mixed MF3 & MF1 zoning, contingent on a three-lot subdivision. Current zoning rights and preliminary discussions with the city and a planning consultant indicate the potential to subdivide into two MF1 lots, each allowing for two six-plex buildings, and one MF3 lot with a higher-density apartment (1.3 – 1.8 FAR), yielding 20,000 buildable sqft. Note, the city does not support rezoning the full lot to MF3. Additionally, a road dedication to connect McTavish Rd through the property is required to facilitate subdivision. This prime location provides a unique opportunity for developers to maximize their investment in a growing area.
Listed by ROYAL LEPAGE KELOWNA