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, room sizes are estimates and have not been mapped. Buyer to confirm all measurements if deemed important. (id:64973)
The $999,000 asking price for this 0.18-acre vacant lot in Kelowna's high-growth corridor represents a competitive $5,550 per acre, suggesting strong redevelopment potential for a developer seeking to capitalize on the area's rising property values. Given the possibility of consolidating up to eight lots into a 1.44-acre assembly, this opportunity would be well-suited for a builder or investor with the vision and resources to undertake a multi-unit residential or mixed-use project in one of Kelowna's most desirable neighborhoods.
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