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163 Cariboo Rd 0.77 Acres of Commercial Land Offered at $2,998,000 CAD in Kelowna, BC V1V 2E4
Investment Highlights
- Minutes to UBC Okanagan and Kelowna International Airport with direct transit access.
- Two adjacent parcels totaling approximately 0.77 acres in North Glenmore.
- Near retail services, restaurants, schools, and public parks.
- Designated under the OCP 2040 for potential multi-family redevelopment
Executive Summary
This is an exceptional opportunity to acquire a rare land assembly in the sought-after North Glenmore area of Kelowna. Comprising two contiguous parcels totaling roughly 0.77 acres, the site is well-positioned for future multi-family residential development. The properties benefit from a designation under the proposed OCP 2040 framework, which supports higher-density housing in this rapidly growing neighborhood.
The location offers outstanding connectivity, situated minutes from the University of British Columbia Okanagan and Kelowna International Airport. Everyday conveniences are easily accessible, with shopping, dining, and transit steps away. The property is also close to recreational amenities, including a newly built soccer field and a planned community center, strengthening its appeal to forward-looking investors and builders. This land assembly represents a chance to capitalize on sustained population growth and housing demand in one of Kelowna’s most desirable submarkets.
The location offers outstanding connectivity, situated minutes from the University of British Columbia Okanagan and Kelowna International Airport. Everyday conveniences are easily accessible, with shopping, dining, and transit steps away. The property is also close to recreational amenities, including a newly built soccer field and a planned community center, strengthening its appeal to forward-looking investors and builders. This land assembly represents a chance to capitalize on sustained population growth and housing demand in one of Kelowna’s most desirable submarkets.
Property Facts
| Price | $2,998,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.77 AC |
| Zoning | OCP - Multifamily Redevelopment | ||
| Price | $2,998,000 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.77 AC |
| Zoning | OCP - Multifamily Redevelopment |
1 Lot Available
Lot
| Price | $2,998,000 CAD | Lot Size | 0.77 AC |
| Price Per AC | $3,893,506.49 CAD |
| Price | $2,998,000 CAD |
| Price Per AC | $3,893,506.49 CAD |
| Lot Size | 0.77 AC |
Two Lots for sale.
Description
The property is located in the North Glenmore neighborhood of Kelowna, a community characterized by low noise levels and convenient access to public green spaces. It is in proximity to major local amenities and recreational hubs. Municipal water and sewer are available at the lot line, with utilities such as electricity, natural gas, cable, and telephone accessible.The frontage measures approximately 244 feet and is situated on a paved road, supporting residential development uses in alignment with community planning initiatives.
1 1
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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163 Cariboo Rd
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