26 Storey High Rise Opportunity $ 9,400,000
560 Bernard Avenue, Kelowna, BC

26 Storey High Rise Opportunity $9,400,000.

560 Bernard Avenue, Kelowna, BC


Property Description

HM Commercial Group is pleased to present the best remaining high-density site in Kelowna’s  Downtown Core.  This is a 1.5 acre assembly of 6 properties covering an entire city block with frontage on three streets. The properties are situated in an unbeatable location, just a 5 minute walk to Lake Okanagan and the new Marina, and shadow anchored by Shoppers Drug Mart and Canada Safeway. Major construction and increased density is happening throughout Kelowna’s Downtown. This increase in commercial density is creating a demand for higher density residential to house employees at new buildings such as the Okanagan Centre for Innovation (800 employees) and Interior Health Services Building (900 employees). Projects such as this poise this property to be the perfect opportunity to keep up with increasing demand. Some highlights of this site include:

  • Up to 26 storey high rise site in Downtown Kelowna
  • Best remaining high density site in the Downtown Core
  • Six legal titles totaling 1.5 acres in the heart of the Downtown
  • An entire city block, with 333’ of frontage on Bernard Avenue, Kelowna's historic main street
  • 2 existing buildings with 45,880+/- GLA 
  • Recently appraised at $9.4M based on mixed-use and density of 4.0 FAR ($36.15 per buildable SF)
  • First time ever listed on the market
  • Kelowna has the fastest population growth in the Country at 3.1% according to STATS CAN Click here to read The Globe & Mail article supporting these facts.

Additional Information

Municipal Address560 Bernard Avenue, Kelowna, BC
LocationWell located in the heart of Downtown Kelowna along Bernard Avenue, Kelowna’s historic main street. These properties feature an unbeatable location, just a 5 minute walk to Lake Okanagan and the new Marina, with the property being shadow anchored by Shoppers Drug Mart and Canada Safeway. Surrounded by a host of boutique shops, local restaurants, and professional services.
Development Site Area1.5 acres
Land Area1.5 acres
Parking73 on-site parking stalls.
ZoningC7; C4 Commercial

Property Map


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E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

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Direct: 250.712.3130
Fax: 250.860.1600
info@hmcommercial.com

2700 Richter St. Kelowna, BC V1Y 2R5