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:2493)
Data was last updated January 21, 2025 at 11:15 PM (UTC)
Area Statistics
Listings on market:
50
Avg list price:
$402,394
Min list price:
$337,250
Max list price:
$3,500,000
Avg days on market:
41
Min days on market:
1
Max days on market:
495
Avg price per sq.ft.:
$486.99
These statistics are generated based on the current listing's property type
and located in
North Glenmore. Average values are
derived using median calculations.
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