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Fox*
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9
Details
Address | 328 Glenmore Road |
Area | Central Okanagan |
Sub Area | GL - Glenmore |
State/Province | British Columbia |
Country | Canada |
Price | $1,999,700 |
Property Type | Single Family - Detached |
Bedrooms | 5 |
Bathrooms | 3 |
Half Baths | 1 |
Floor Space | 2577 Square Feet |
Lot Size | 0.89 Acres |
Waterfront | No |
Year Built | 1973 |
Taxes | $5,056 |
Tax Year | 2024 |
MLS® # | 10323631 |
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
Location
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About
Fox & Fox is a family team of Licenced Realtors working
and living in the beautiful South Okanagan. Started by Len Fox in 1982, the
team has expanded with the family over the years to include Philip Fox licenced
since 2002, Diane Fox since 2006, and Stephen Fox since 2016. Len has since
retired his licence but is an active consulting team member. Born and raised in
Penticton we are all now raising our own families here and working to help our
clients do the same. We specialise in new construction sales (condos,
townhouses & single family homes) vineyards & wineries, commercial
leases and sales & residential sales of every kind. If you are looking to
buy/sell/lease in the South Okanagan let us put our local expertise to work for
you.