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
For Sale
1402 Cara Glen Court, Kelowna,
Canada
± 73,442 SQFT
Development Land
Contact Listing Agent
031-159-125
MF3r - Apartment Housing Rental Only
PLAN EPP100150 LOT 1 SECTION 31 TOWNSHIP 26
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.
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.
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