549 Truswell Road, Kelowna, BC - Lower Mission Redevelopment Site with Holding Income

Lower Mission Redevelopment Site with Holding Income

549 Truswell Road, Kelowna, BC, V1W 3K7


Property Description

HM Commercial Group is pleased to present this opportunity to purchase a highly coveted redevelopment site with holding income in Kelowna’s Lower Mission.

The property is situated just steps from Okanagan Lake, backs on to Mission Creek, andis adjacent to Manteo Resort, Hotel Eldorado and Aqua. Located just a few blocks south of Pandosy Village, and walking distance to restaurants, coffee shops, shopping and services.

  • 1.254 acre site, with approximately 0.916 usable after dedications and setbacks
  • Prime location in Kelowna’s Lower Mission
  • Monthly apartment rentals provides secure cashflow with upside potential and is easy to manage
  • Max FAR of 1.5 under current zoning
  • New Draft Zoning Bylaw: TC1 (Cook/Lakeshore)
    o Tourist Commercial/Hotel uses (overnight stays)
    o Up to 15 storeys in height
    o Up to 81,936 sq.ft. Saleable Area (1.5 FAR)
    o Potential for 126 suites (avg size 650 sq.ft.)
  • Located next to Aqua Waterfront Village: 17 storey development (+/- 400 homes)

549 Truswell Road, Kelowna, BC, Canada

Additional Information

Municipal Address 549 Truswell Road, Kelowna, BC, V1W 3K7
Legal Description Lot A Plan KAP35639 Section 1 Township 25 Land District 41 ODYD
PID 001-864-432
Location Details 549 Truswell Road is exceptionally well located off of Lakeshore Road, just a short distance from Okanagan Lake. It is strategically positioned along Mission Creek, just half a block from the Mission Creek Greenway, and is located close to a wealth of amenity and services, with Pandosy Village just a few blocks away.
Development Site Area 0.916 acres (39,905 sq.ft.)
Land Area 1.254 acres
Zoning C9, Tourist Commercial
Future Land Use
MXT, Mixed-Use Tourism; Park
Taxes $23,486 (2020)

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

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.