2741 Auburn Road, West Kelowna, BC - Multi-Family Development Land in West Kelowna
Pending

Multi-Family Development Land in West Kelowna

2741 Auburn Road, West Kelowna, BC, V1Z 3H7

Price:
$3,800,000

Property Description

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.

  • Up to 390,308 sq.ft. Gross Saleable Area (0.75 FAR, 3 storeys) under current R3 Zoning
  • Up to 520,411 sq.ft. Gross Saleable Area (1.0 FAR, 3 storeys) if rezoned to R4 Medium Density Res.
    City Planning Department indicate that a variance to allow for 4 storey development would be possible with a site-specific text amendment
  • Market values for condo projects are $35,000 to $45,000/door

2741 Auburn Road, West Kelowna, BC, Canada

Additional Information

Municipal Address 2741 Auburn Road, West Kelowna, BC, V1Z 3H7
Legal Description Lot 2 Plan KAP77227 District Lot 2601 Land District 41
PID 026-159-601
Location Details 2741 Auburn Road is ideally situated adjacent to Constable Neil Bruce Middle School, looking out towards Boucherie Mountain and Okanagan Lake. It is located just a few blocks from Highway 97, Shannon Lake, and Shannon Lake Golf Course, and is just a short distance from Westbank Centre shopping.
Development Site Area ~12 acres
Land Area 30.887 acres
Zoning R3, Low Density Multiple Residential Zone
Future Land Use
(OCP)
Medium Density Multiple Family
Taxes $23,379.82 (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.