468 Valley Road
Glenmore, Kelowna
Type
Land Commercial
Price
12,500,000
Lot Size
1.90 Acres
top_agent
Gary Judge & Dimple Judge
Zoning
Future Lane Use - VC
Number of Units
Over 200 apartment units
Property Tax
$25319.00
PID
006-475-043, 006-475-094,006-475-078,006-474-896,006-474-861,004-437-691,001-663-305
specialities
Stratified or Rental Option
7 HOMES LAND ASSEMBLY FOR SIX STORIES DEVELOPMENT
Opportunity for seven (7) homes land assembly with solid rental income potential plus future upside as increased density multifamily development. 1.90 Acres (82,764 SF) land assembly, 7 titles. Located in Glenmore, in close proximity to Kelowna Golf and Country Club. This property comes under Village Centre (VC) Zoning ( FAR up to 2.0), in the new OCP, which allow 6 storey apartment, Townhomes/apartment combo or the possibility for mixed commercial. This Village Centre segment has the potential to get benefit from Transport Supportive Corridor which will support new creative ideas for development and increased density. Walking distance to all amenities, convenience stores, Save on Food, Banks, Starbucks Tim Hortons, Dollar Store, McDonald and roughly 10 minutes drive to Downtown, UBCO, and Airport.
Key Features
- Seven (7) re-development lots land assembly in Glenmore, Kelowna
- Currently, seven homes on the property could generate holding income while in the rezoning process.
- Future land use support for Village Centre (VC) Zoning which offers increased density and the City also supports a mix of commercial and multi-unit residential uses.
- Walking distance to all amenities, Convenience stores, Save on Food, Banks, Starbuck, Tim Hortons, Dollar Store, Mcdonald and 8-10 minutes drive to Downtown, UBC, and Airport.
Floor Plans and PDFs
Other Details
- Type: Land Commercial
