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Investment Highlights

  • 1.75-acre lot offering extensive frontage and efficient development potential.
  • Superior accessibility to Kelowna International Airport, UBC Okanagan, and Highway 97.
  • Situated within the fast-growing Appaloosa industrial corridor in North Glenmore.
  • Pending rezoning to I2 industrial in alignment with OCP2040 to support diverse industrial uses.
  • Existing residence provides holding income during redevelopment planning.
  • Fully fenced property offering security and site flexibility.

Executive Summary

This property represents a compelling opportunity for investors and developers in one of Kelowna’s most dynamic growth corridors. Spanning 1.75 acres of level land, the site is currently in the process of rezoning to I2 industrial, consistent with the OCP2040. Once approved, the I2 designation will allow a diverse range of industrial uses, positioning this asset for long-term value creation.
Located in the expanding Appaloosa industrial area, the property benefits from exceptional connectivity. Proximity to Kelowna International Airport and the University of British Columbia Okanagan campus ensures strong regional accessibility, while major arterial routes provide seamless transportation links throughout the valley. Presently, the property includes a four-bedroom, 2.5-bath home generating holding income, ensuring cash flow during the planning stage for redevelopment. Fully fenced and versatile in use, this site offers both immediate operational options and a significant future upside for industrial development investors.

Property Facts

Price $3,799,999 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Industrial
Total Lot Size 1.75 AC
Zoning I2 industrial - I2 industrial

1 Lot Available

Lot

Price $3,799,999 CAD
Price Per AC $2,171,428.00 CAD
Lot Size 1.75 AC

Description

The subject property consists of approximately 1.75 acres of level terrain in the North Glenmore area of Kelowna. The site is in the process of rezoning to I2 industrial under the Official Community Plan 2040. The location is within the Appaloosa industrial corridor and provides proximity to Highway 97, Kelowna International Airport, and the UBC Okanagan campus. It contains a residential structure currently occupied as rental housing and supports holding income potential while plans for future redevelopment proceed.

Somewhat walkable
20/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
  • Listing ID: 40569399

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 2906 Appaloosa Rd, Kelowna, BC V1V 2G8

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