975 Academy Way 0.86 Acres of Commercial Land Offered at $1,999,900 CAD in Kelowna, BC V1V 3C8

This DP-approved development site offers a rare opportunity in Kelowna’s thriving University District. Positioned directly across from Aberdeen Hall School and within walking distance to the University of British Columbia Okanagan campus, the property is ideally suited for a mixed-use project that combines residential and retail components. The approved plan includes 24 units—21 residential and 3 commercial retail spaces—encompassing a total gross floor area of 26,460 square feet.
The residential mix features spacious three- and four-bedroom layouts across four levels, creating a strong appeal for student housing and family accommodations. The ground floor retail units provide an excellent platform for neighborhood-serving businesses, enhancing convenience and walkability. With 36 proposed vehicle parking stalls and 21 bicycle spaces, the design supports modern mobility needs.
Kelowna’s University District continues to experience robust growth, driven by academic institutions and expanding residential communities. This site’s proximity to major educational facilities, combined with its approved development permit, positions it as a turnkey solution for developers seeking to capitalize on demand in one of the city’s most dynamic corridors.