- Updated On:
- September 28, 2023
The subject property represents an opportunity to purchase one of the last waterfront mixed use development sites in Kelowna. With both inter- and intra-provincial immigration continuing to increase, housing shortages have continued to persist in Kelowna. Housing growth and the need for new amenity in the area offers an excellent opportunity to the development community to extract full value from this unique project.
The Property features a large 1.295 acres site, with 153 feet water frontage, offering unique scale and footprint to allow for a variety of residential, commercial, or mixed-use highrise development. The Property is located in the world famous Kelowna resort neighbourhood, offering the best lake view and the water amenities of British Columbia. The Property is only one property away to the Aqua Village mixed use highrise project, record condominium prices were achieved in this neighbourhood. The Property sits at the beautiful Okanagan Lake tourism neighbourhood, and is zoned for redevelopment to add new housing and commercial amenity. The new modern development will be welcomed by tourists from all around Canada and world wide.