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Home BC Greater Kelowna Kelowna Glenmore - Clifton - Dilworth
1402 Cara Glen Court
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1402 Cara Glen Court $9,175,000
$9,175,000
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1402 Cara Glen Court
Kelowna, British Columbia V1V1A5

MLS® Number: 10321027

Listing Description

Incredible opportunity to purchase a ready-to-implement, rental apartment housing development opportunity in the highly sought after Glenmore community! The property is located in the established neighbourhood next to Knox Mountain Recreation Area (950 acres). Close proximity to Downtown, schools and Landmark Business district. Conceptual plan for 108 unit rental apartment project with underground parking stalls. MF3r rental apartment house zoning now in place. Development Permit currently pending. Property will be graded flat prior to completion. Priced at 9,175,000 (land value in August 2023 Appraisal) with DP approved plans. A Buyer merely needs to secure their “capital stack” to move forward with this project. (37563545)

Property Summary

Property Type
Other
Building Type
Residential Commercial Mix
Neighbourhood Name
Glenmore
Land Size
1.7 ac|1 - 5 acres
Annual Property Taxes
$12,393.84
Time on REALTOR.ca
105 days

Building

Bathrooms
Partial
0
Building Features
Features
Corner Site
Utilities
Utility Type
Cable (Available), Electricity (Available), Natural Gas (Available), Telephone (Available), Sewer (Available), Water (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
Family Oriented, High Traffic Area
Amenities Nearby
Public Transit, Airport, Park, Recreation, Schools, Shopping

Land

Lot Features
Present Use
Mixed use
Other Property Information
Access
Easy access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Jeff Hudson