2602 Pandosy St. + 475-481 Wardlaw Ave., Kelowna, BC - Gateway to Pandosy Village

Gateway to Pandosy Village

2602 Pandosy St. + 475-481 Wardlaw Ave., Kelowna, BC, V1Y 1V6 & V1Y 5B5

Price:
$7,800,000

Property Description

This is an extremely rare assembly of four lots with a corner location and support for mixed use development in the heart of Pandosy Village. This is a trophy site in this neighborhood.

The property is located on a Transite Supportive Corridor and walkable to Kelowna General Hospital, three (3) grocery anchored retail centres, multiple waterfront parks and SOPA Square, an iconic 14 storey mixed use project.

  • 0.57 acre assembly (24,824 SF site in four titles).
  • Houses and parking lot with holding income.
  • 2602 Pandosy St: UC5 Urban Centre Pandosy zoning currently allows for an FAR of 1.8, with an additional 0.25 FAR for Public Amenity and Streetscape Bonus, and another 0.3 FAR for rental only projects, allowing for a total maximum density of 2.35 FAR (23,063 Buildable SF) with all bonuses.
  • 475-481 Wardlaw Ave: UC5 Urban Centre Pandosy zoning currently allows for an FAR of 1.6, with an additional 0.1 FAR for Public Amenity and Streetscape Bonus, and another 0.3 FAR for rental only projects, allowing for a total maximum density of 2.0 FAR (30,020 Buildable SF) with all bonuses.
  • 100m to Lake Okanagan and short walk to 30+ trendy restaurants, schools, college, hospital and Kinsmen Park.
  • Corner location on the main transit route with connections to downtown and UBC Okanagan.
  • City supports higher-density development.
  • Potential for share sale of a bare trust.

 

 

SOUTHGATE SHOPPING CENTRE – PENDING

2602 Pandosy Street, Kelowna, BC, Canada

Additional Information

Municipal Address 2602 Pandosy St. + 475-481 Wardlaw Ave., Kelowna, BC, V1Y 1V6 & V1Y 5B5
Legal Description *see attached brochure
PID 012-300-705, 002-154-021, 001-465-261 & 012-300-691
Location Details The subject properties are situated on a high profile site at the entrance to Pandosy Village, on the corner of Pandosy Street and Wardlaw Avenue, just down from Kinsmen Park. It is walking distance to 3 grocery stores, multiple restaurants, Okanagan College, elementary, middle and secondary schools. This corner location is on the main transit route.
Zoning UC5 Pandosy Urban Centre
Future Land Use
(OCP)
UC Urban Centre
PDF's & Resources NDA for Signature

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Personal Real Estate Corporation
Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

Marshall McAnerney

Personal Real Estate Corporation

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.