- What A 5-acre parcel in Kelowna has been listed for $14.9m
- Why The property is undergoing rezoning for a mixed-use development
- What Next Letters of intent are in place from major brands
Nearly 5 acres of developable land on the outskirts of Kelowna, B.C., is up for grabs at $14.9m.
The parcel, at 2040 Joe Riche Road, is vacant except for a 9,000 sq ft building housing a liquor store.
The site is being rezoned for a project that includes a 148-unit multifamily development with 15,000 sq ft of ground-floor commercial space. Letters of intent have been secured from Loblaws, McDonald’s and Petro-Canada.
Chamberlain Property Group has the marketing assignment.
The parcel, near Joe Riche Road and Highway 33, is 10 km east of downtown Kelowna and is en route to Big White Ski Resort, 33 kilometres to the southwest. Kelowna is 280 kilometres east of Vancouver.
