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:
- 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 - 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.
