About This Property
An exceptional land assembly opportunity potentially up to 1.44 acres in one of Kelowna’s high-growth corridors, offering flexibility, scale, and strong redevelopment potential. Five lots are currently on market, with three additional neighbouring properties on the same street willing to sell—allowing a developer to acquire anywhere from a partial assembly to a full eight-lot consolidation, depending on project vision and scope. Each parcel is approximately 0.18 acres, with the entire street benefiting from rear lane access, plus an additional secondary lane at the end of the block—an ideal configuration for efficient site design, access, servicing, and parking solutions. The properties are zoned UC4, supporting medium- to high-density residential development and aligning with Kelowna’s long-term growth and intensification goals. The location is surrounded by ongoing and planned development, reinforcing strong demand fundamentals. Close proximity to UBCO, the airport, schools, parks, shopping, and major transportation routes further enhances the appeal for future residents and investors alike. This is a rare opportunity to pick and choose the number of lots required, scale the project strategically, and capitalize on a prime infill location with significant upside in one of Kelowna’s most active development zones. All information and measurements are approximate. (id:64973)
At $999,000 for 0.18 acres, the $5,550 per sqft price point is relatively high compared to the broader Kelowna market. However, the opportunity to consolidate up to 1.44 acres in a high-growth corridor presents a compelling proposition for a developer with the vision and resources to maximize the site's redevelopment potential. This property would be best suited for an experienced developer looking to undertake a substantial multi-unit residential project in a desirable Kelowna neighbourhood.
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