Lakeview Development Land in Glenrosa $ 12,500,000
Glenrosa Road, West Kelowna, BC

Lakeview Development Land in Glenrosa $12,500,000.

Glenrosa Road, West Kelowna, BC


Property Description

HM Commercial Group is pleased to present this opportunity for approximately 30 acres of residential development land in the Glenrosa area of West Kelowna, with 1.5 acres of commercial land also available, in addition to the potential for an adjoining 29.65 acre parcel. Some highlights of this opportunity include:

  • Rare opportunity for lakeview development land in the Glenrosa neighbourhood of West Kelowna
  • Approx. 30 acres of development land connecting to the established Morning Side Subdivision, with density planned for 186 units (and PLR in place for the first phase of 82 lots)
  • Optional: Commercial section (1.5 acres with 37,660 sq.ft. of GBA)
  • Optional: 29.65 acres of future development area, above phase 1/2

PRICING

$12,500,000 ($67,204/186 residential units)
+$2,500,000 for commercial portion*
+$4,000,000 for adjacent parcel ($135,000/acre)

*Subdivision required (not sold by itself)

Additional Information

Municipal AddressGlenrosa Road, West Kelowna, BC
Legal DescriptionLot 2, District Lot 3482, ODYD, Plan KAP67438, Except Plan PP18508
PID024-840-203
LocationThe property is well located along Glenrosa Road, shortly off of Highway 97. It is just a short distance from area schools, and just 3 minutes to Westbank Town Centre with shopping, restaurants, and other amenities.
Development Site Area30+ acres available
Land AreaApproximately 30 acres
ZoningR3, RC3, C2 and R1
Taxes$20,095 (2016)

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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