157-163 Cariboo Road
Kelowna, BC V1V2E4
$2,998,000
Property Details
Property & Lot
- Sub-type
- Other
- Frontage
- 244 feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,251
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10389017
- Listed
- May 27, 2026
- Time on market
- On the market for 96 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan · Data source: CREA DDF.
Description
INVESTORS / BUILDERS ALERT! Rare opportunity to acquire a premier land assembly in Kelowna’s sought-after North Glenmore neighbourhood. Located at **157–163 Cariboo Road**, this offering combines two adjacent properties totaling approximately 0.77 acres (33,541 sq. ft.) with excellent redevelopment potential. Designated under the proposed OCP 2040 framework, the site offers strong potential for multi-family residential development (buyer to verify). The property currently includes two tenant-occupied homes generating holding income during the planning and approval process. Two income-producing rental homes, Excellent multi-family development potential Prime North Glenmore location Steps to transit, shopping, restaurants, and everyday amenities Near a new soccer field and planned community centre. Minutes to University of British Columbia Okanagan and Kelowna International Airport. An exceptional opportunity to secure a high-potential development site in one of Kelowna’s fastest-growing neighbourhoods. (id:63159)
Location Insights
Weather
15°C
Clear
Humidity 76%
Wind NNW 4 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| North Glenmore Elementary | Elementary | 376 m |
| Dr Knox Middle School | Middle | 428 m |
| Watson Road Elementary | Elementary | 1.6 km |
| Aberdeen Hall Preparatory School(Independent) | K-12 | 2.9 km |
| Glenmore Elementary | Elementary | 3.3 km |
| Pearson Road Elementary | Elementary | 4.1 km |
| Kelowna Arts Academy(Independent) | K-12 | 4.2 km |
| Bankhead Elementary | Elementary | 4.4 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Parks (5+)
- Wyndham Park216 m
- Cross Glen Park302 m
- Newport Glen Park312 m
- Naito Park416 m
- Millard Glen Park548 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($599,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.