V1V Commercial Land Properties for Sale

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V1V Commercial Land for Sale

More details for 438 Valley Rd, Kelowna, BC - Land for Sale

Central Kelowna Multifamily Development Site - 438 Valley Rd

Kelowna, BC V1V 2E5

Land for Sale
$6,700,000 CAD
1.19 AC Lot

Kelowna Land for Sale

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present 438 Valley Road, a multifamily site in the heart of Glenmore with an approved 154-unit apartment complex. The flat, third-reading approved development site offers developers substantial cost savings through an approved set of drawings that were submitted ahead of changes to the BC building code allowing for less stringent seismic design requirements without the need to supply 20% adaptable units. Further, the site has been rezoned rental-only allowing for a 10-year municipal property tax exemption and development reports have been completed. The Glenmore neighbourhood in Kelowna is a ripe rental haven with several proven projects in the vicinity capturing market leading rents with low vacancy. Shopping, schools, and amenities are within walking distance and transit is readily available offering short trips to downtown Kelowna, UBCO, and Kelowna International Airport.

Contact:

Marcus & Millichap

Property Subtype:

Commercial

Date on Market:

2025-04-09

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Commercial Land Properties for Sale Within 5 kilometers of V1V

Reid's Corner

Land for Sale
Price Upon Request
4.49 AC
2 Land Properties

Kelowna Portfolio of properties for Sale

RLK Commercial, CBRE, and Mission Group are pleased to offer up to 4.488 acres of industrial land in one of Kelowna’s most sought-after nodes. Available for sale or lease, the site includes two level, serviced parcels—Lot 1 (1.597 acres) and Lot 3 (2.891 acres)—with easy access to Hwy 97. With strong frontage and high-traffic visibility, this location is perfect for custom build-to-suit projects that demand exposure, scale, and access. A rare opportunity for owner-users or tenants looking to establish a flagship operation in one of Kelowna’s busiest commercial corridors.