2040 Glenmore Road N

COURT DATE: Nov 20th. at 9.45 am, New Westminster - 651 Carnarvon Street New Westminster BC V3M 1C9.. ACCEPTED OFFER PRICE: $5,990,000.00 | 170.89 acres for sale, centrally located in the Glenmore / Wilden area of Kelowna, and is NOT located in the ALR (Agricultural Land Reserve). The property is currently zoned agricultural (A2) within the city limits of Kelowna. To the West, is the prestigious Wilden development. To the East, is Glenmore Road, providing access via an easement over an adjacent property, or potential use of city land at the North-East corner. The property also borders the Glenmore Dog Park near the North-East corner. Current Official Community Plan Future Land use is ""R-AGR - Rural - Agricultural & Resource"". With an OCP amendment and subsequent rezoning, there could be tremendous upside for a purchaser for a potential large-scale residential development. 2025 BC Assessment (as of July 1 2024) shows $12,838,000, and an appraisal on file (2022) showed an estimated market value of $15,450,000. Court-ordered sale - All offers are subject to court approval and must include schedule ""A"". Property is sold as-is where-is with no warranties of any type; buyer to investigate and conduct their own due diligence. (id:45055)

• Property Details

  MLS® Number	10335710
  Property Type	Vacant Land
  Neigbourhood	North Glenmore
  ViewType	City View, Lake View, Mountain View, Valley View
  WaterFrontType	Waterfront On Pond

• Building

  Type	Other
  UtilityWater	See Remarks

• Land

  Acreage	Yes
  CurrentUse	Development Residential
  Sewer	See Remarks
  SizeIrregular	170.9
  SizeTotal	170.9 Ac|100+ Acres
  SizeTotalText	170.9 Ac|100+ Acres
  SurfaceWater	Ponds
  ZoningType	Agricultural

• Rooms
• Utilities

  Electricity

  At Lot Line