William Wright Commercial is pleased to present the opportunity to acquire the Monashee Manufacturing Corporation Ltd. portfolio, consisting of two prime downtown Kelowna redevelopment properties totaling 1.86 acres of land (1.52 acres + 0.34 acres). The opportunity presents significant redevelopment potential in two highly desirable locations.

Site 1: 1.52 Acre High Density-Zoned Development Site
1247 Ellis Street, 525 Clement Avenue, 1246 St Paul Street, 1238 St Paul Street, & 1230 St Paul Street, Kelowna

Located on the corner of Ellis Street and Clement Avenue, this never-before-available, high density, mixed-use, development site is situated across from the One Water Street residential development, Prospera Place Arena and right in the heart of the City, making this scalable site highly desirable. The site also has a clean Phase 2 Environmental Site Assessment (ESA) from 2024.

This trophy property is in very close proximity to the major employment drivers and to the fast growing list of high quality services and amenities in Downtown Kelowna. The site is already zoned UC1 (this zone offers a maximum FAR of 5.6) and offers immediate redevelopment opportunities.

The UC1 zone is considered the highest and best use for the site and with a contiguous size of 1.52 acres, it makes this property very unique in the Downtown core.

Based on the current zoning, the maximum base density is 5.6 Floor Area Ratio (FAR), with a maximum height of 20-storeys (with additional bonus density available).

Site 2: 0.34 Acre Medium Density-Zoned Development Site
1043-1045 Ellis Street, Kelowna (Must be sold with the larger site)

Also located on Ellis Street and also zoned UC1, this fantastic 6-storey wood-frame, mixed-use, development site is situated in the path of growth, with great proximity to all of the services and amenities offered in this area of the City. This site is also in close proximity to the future Tolko Mill redevelopment and will be along the main link between this new area of the City and the existing Downtown core.

Based on the current zoning, the maximum base density is 1.8 Floor Area Ratio (FAR), with a maximum height of six-storeys.

The Properties are very well located within the fast growing, Kelowna Downtown. These sites are transit oriented and walkable to all of the myriad of amenities and services within the Downtown core.

Kelowna is a vibrant mid-sized city in the southern interior of British Columbia, Canada. It is situated in the heart of the Okanagan Valley, surrounded by mountains, lakes and vineyards. With a population of nearly 150,000 people, it is the largest city in the Regional District of Central Okanagan. The region is renowned for its wine industry and is home to a topranked university, a world-class teaching hospital, the second largest trade school in the province, and Kelowna International Airport, one of the largest economic drivers in the Southern Interior. A growing hub for technology and aerospace-related companies, Kelowna is fast becoming an economic powerhouse and remains one of the area’s most sought-after tourist destinations.