HM Commercial Group is pleased to present this opportunity for multifamily development land in West Kelowna.
2741 Auburn Road is adjacent to Constable Neil Bruce Middle School and on the same mountain as Terravita a mature multi-family development in the Shannon Lake area of West Kelowna. It’s walking distance to Mt. Boucherie Senior Secondary and minutes from West Kelowna’s Big Box Retail Centre.
The property is sloped with several benches suitable for development. A conceptual plan from 10 years ago showed a condo-type development of 218 units in 5 buildings of 3 storeys each but Buyers are encouraged to do their own due-diligence with respect to density and geotechnical matters.
Of the current 30.887 acres, approximately 12 acres are supported for medium-density multiple family housing with the balance (18.8 acres) being designated for Parks and Natural Areas.
- Current Zoning is R3 Low Density Residential:max. site coverage of 40%, max. height of 9.0m or 3 storeys and FAR of 0.75 (390,308 sq.ft. of potential gross building area).
- Future Land Use would support a rezoning to R4 Medium Density Residential: max. site coverage of 50%, 12.0m or 3 storeys in height, FAR of 1.0 (520,411 sq.ft GBA).
- Discussions with the City of West Kelowna’s Planning Department indicate that a variance to allow for 4 storey development would be possible with a site-specific text amendment.