1402 Cara Glen Court

For Sale | Development Land | ± 73,442 SQFT | Contact Listing Agent
Overview

1402 Cara Glen Court presents a rare opportunity to acquire a fully entitled, purpose-built rental apartment development site in Kelowna’s highly desirable Glenmore neighbourhood. The 1.69-acre property is located just off Clifton Road at the base of Knox Mountain, offering proximity to downtown Kelowna, schools, parks, and Landmark District.

Zoning and Development Permit approvals are in place for a 108-unit rental apartment building comprising approximately 73,500 square feet of net rentable area at a density of 1.1 FAR. The site benefits from MF3r zoning, underground parking, completed geotechnical and environmental studies; significantly de-risking the development process. The property will be delivered graded flat, allowing a purchaser to move efficiently toward construction.

The price has been significantly reduced, making it one of the best purchase opportunities in the region. This offering represents a compelling opportunity to deliver residential housing in one of the most sought after locations in Kelowna.

Turnkey Development Opportunity

  • Development Permit In Place For 108 Unit Rental Development
  • Fantastic Location in Knox Mountain Village
  • Significantly Reduced Pricing

Details
Status

For Sale

Address

1402 Cara Glen Court, Kelowna,
Canada

Size

± 73,442 SQFT

Type

Development Land

Price

Contact Listing Agent

PID

031-159-125

Zoning

MF3r - Apartment Housing Rental Only

Legal Description

PLAN EPP100150 LOT 1 SECTION 31 TOWNSHIP 26

Location

The site is located just outside of downtown Kelowna on Cara Glen Court which is just off of Clifton Road. The area is situated just minutes from schools, parks (including Know Mountain), commercial amenities and provides a fantastic central location to a majority of Kelowna's major urban hubs.


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Jeff Hancock
Jeff Hancock

Personal Real Estate Corporation

Partner | Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.