250, 260, 270 & 272 Asher Road

For Sale | Development Land | ± 32,670 SQFT | $4,799,000
Overview

0.75 acre development opportunity in one of the city’s most dynamic and rapidly evolving neighbourhoods. In keeping with the city’s commitment to transit-oriented growth, the site benefits from enhanced density and height allowances of up to 12 storeys.

Zoning allows for rental or condo construction with end users benefiting from the proximity to the Rutland Bus Exchange, Centennial Park, Plaza 33 and UBCO.

High-Density Land Assembly For Sale

  • Up to 12 storeys of multifamily development
  • Up to 3.5 FAR base density
  • Current Zoning: UC4
  • OCP Designation: UC – Urban Centre

Civil Addresses

  • 250 Asher Road, Kelowna: 0.25 Acres
  • 260 Asher Road, Kelowna: 0.25 Acres
  • 270 Asher Road, Kelowna: 0.124 Acres
  • 272 Asher Road, Kelowna: 0.124 Acres

Details
Status

For Sale

Address

250, 260, 270 & 272 Asher Road, Kelowna,
Canada

Size

± 32,670 SQFT

Type

Development Land

Price

$4,799,000

PID

005-224-781 / 009-633-073 / 027-005-968 / 027-005-950

Zoning

UC4

Location

Rutland Urban Centre: Why Developers Are Choosing Rutland

  • Highest youth population
  • Densest population per hectare
  • Highest residential land use by area
  • Proximity to UBCO

OCP Designation: Urban Centre

Urban Centres are Kelowna's primary hubs of activity. They support the City’s greatest intensity and range of land uses; from offices, retail, restaurants, schools and parks. A variety of medium to high-density housing types are supported by reliable access to transportation options and transit supportive corridors. With an emphasis for creating compelling, attractive and walkable environments for its residents.

Strategic Development in Rutland

The OCP includes a focus on strategically positioning new development in Rutland to create a high-density business and residential hub, while supporting improved services and amenities. Select areas have seen an increase to building height allowances to encourage density in Transit Oriented Areas, specifically surrounding the Rutland Transit Exchange and Centennial Park. Additional height allowances may be considered for projects that include:

  • An affordable, supportive and/or rental housing component;
  • A significant public amenity;
  • Offsite considerations such as enhanced streetscapes or green infrastructure; or
  • Outstanding architectural design.


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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.