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1975 Shannon Lake Rd 3.88 Acres of Residential Land Offered at $10,800,000 CAD in West Kelowna, BC V4T 1V5
Investment Highlights
- Fully serviced development site with DP issued for 70 townhouse units
- Potential for accelerated construction timeline with Building Permit submission nearly complete
- Access to numerous lifestyle amenities including golf, parks, and wineries in West Kelowna
- Phases 2 and 3 of a three-phase master plan in an established residential community
- Complete onsite and offsite infrastructure in place
- Within a short drive of Highway 97, downtown Kelowna, and Kelowna International Airport
Executive Summary
1975 Shannon Lake Road offers an outstanding opportunity to acquire a BP-ready townhouse development site in the thriving West Kelowna market. Spanning approximately 3.88 acres, this fully serviced parcel is the final two phases of a three-phase project and is designed for 70 townhouse units. The site benefits from complete onsite and offsite servicing and is fully entitled with a Development Permit already issued, providing a highly advantageous timeline for construction commencement.
The proposed site plan accommodates well-designed units featuring functional layouts, with an average unit size of 1,682 square feet and expansive rooftop decks in select homes to capture remarkable valley and mountain views. Located just minutes from Highway 97, the property offers exceptional connectivity to central Kelowna and is less than a 25-minute drive to Kelowna International Airport.
Surrounding amenities include Shannon Lake Golf Course, numerous wineries, grocery stores, schools, and recreational destinations, all contributing to strong demand for modern residential offerings in this location. With critical development milestones met, the land is positioned to streamline the path from acquisition to vertical construction, minimizing risk and accelerating revenue realization for investors and developers.
The proposed site plan accommodates well-designed units featuring functional layouts, with an average unit size of 1,682 square feet and expansive rooftop decks in select homes to capture remarkable valley and mountain views. Located just minutes from Highway 97, the property offers exceptional connectivity to central Kelowna and is less than a 25-minute drive to Kelowna International Airport.
Surrounding amenities include Shannon Lake Golf Course, numerous wineries, grocery stores, schools, and recreational destinations, all contributing to strong demand for modern residential offerings in this location. With critical development milestones met, the land is positioned to streamline the path from acquisition to vertical construction, minimizing risk and accelerating revenue realization for investors and developers.
Property Facts
1 Lot Available
Lot
| Price | $10,800,000 CAD | Lot Size | 3.88 AC |
| Price Per AC | $2,783,505.15 CAD |
| Price | $10,800,000 CAD |
| Price Per AC | $2,783,505.15 CAD |
| Lot Size | 3.88 AC |
BP-ready townhouse development site i
Description
The property comprises approximately 3.88 acres of vacant land located on Shannon Lake Road in West Kelowna, British Columbia. It holds R3 Low Density Multiple Residential zoning with a Development Permit in place for 70 townhouse units. The site forms phases 2 and 3 of a three-phase residential development. Onsite and offsite servicing is complete. The parcel is positioned north of Highway 97 and provides access to local schools, recreational parks, wineries, and commercial amenities.
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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1975 Shannon Lake Rd
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