728 Valley Road, Kelowna, BC - Multifamily Development Land in Glenmore

Multifamily Development Land in Glenmore

728 Valley Road, Kelowna, BC, V1V 2E6


Property Description

HM Commercial Realty is pleased to present this 1.6 acre development property in the heart of Kelowna’s Glenmore neighbourhood.

Major Benefits:

  • Kelowna is one of the fastest growing metropolitan areas in Canada
  • Flat site, easy to develop
  • 1.6 acres (69,522 sq.ft. land area)
  • Favourable zoning with increased density
  • Municipality is highly cooperative and solution oriented
  • Adjacent to Retail commercial plaza (DQ, Pharmacy, Medical Clinic, Liquor Store

Buyers can choose from one of two (2) options:

  1. Take over a recent conceptual plan for Vintage suites
    a. 100 unit retirement facility (1.34 FAR),
    b. DP/Zoning and building permit already in place
    c. Full architectural plans for 7 storey building w/2 level parkade
    d. $1.647 Million in DCC’s pre-paid
  2. Create new plan with new MF3 DRAFT zoning bylaw which features increased density
    a. up to 8 storeys and 2.05 FAR inclusive of bonus density
    b. Est’d Yield: 168 units (850 sq.ft. Avg Size) = $63,798/unit
    c. Further details included in this brochure

An extensive dataroom is available to those Buyers who sign a Non-Disclosure Agreement.

728 Valley Road, Kelowna, BC, Canada

Additional Information

Municipal Address 728 Valley Road, Kelowna, BC, V1V 2E6
Legal Description Lot 2 Plan EPP80501 Section 29 Township 26 Land District 41
PID 030-956-099
Location Details 728 Valley Road is ideally situated at the corner of Summit Drive and Valley Road at a light controlled intersection. It is located directly across the street from Hillside Plaza and a number of shops and services, and is surrounded by other multifamily developments.
Land Area 1.596 acres or 69,522 SF
Zoning MF3
Future Land Use
MF3 Multi-Family
Taxes $15,937 (2020)
PDF's & Resources Non-Disclosure Agreement

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

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.