This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.38-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 157 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 5-bedroom plus den, 3-bathroom country cottage with a covered backyard. It is rented to a wonderful family at $4,500/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 August 24, 2025 at 06:45 PM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$415,000
Min list price:
$335,000
Max list price:
$3,990,000
Avg days on market:
53
Min days on market:
2
Max days on market:
534
Avg price per sq.ft.:
$485.38
These statistics are generated based on the current listing's property type
and located in
North Glenmore. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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