About This Property
961, 967, 971 and 977 Clement Avenue comprise a 19,164 SF mid-rise land assembly pre-zoned under Kelowna’s Transit Supportive Corridor (TSC) Pilot Project, allowing for six storey residential development within an area designated for urban intensification. Located just minutes from Downtown Kelowna, the site benefits from strong connectivity to major arterial routes, supporting efficient access across the urban core. The surrounding corridor continues to attract investment alongside infrastructure upgrades and sustained residential demand. An opportunity to secure a centrally located, pre-zoned assembly aligned with Kelowna’s long-term growth objectives and evolving urban framework. (id:64973)
At $1,845 per square foot, this Kelowna property is priced slightly above the city's current average of $1,600 per square foot. However, its strategic location within the Transit Supportive Corridor and the potential for future redevelopment make it an appealing investment opportunity for developers seeking to capitalize on the city's ongoing urban intensification efforts. This property is best suited for savvy real estate investors and developers who can recognize the long-term value proposition in Kelowna's rapidly evolving urban landscape, with the ability to navigate the rezoning process and unlock the site's full redevelopment potential.
Property Details
Location
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