High-Rise Development Site in Downtown Kelowna $ 6,950,000
426-454 Bernard Avenue, Kelowna, BC

High-Rise Development Site in Downtown Kelowna $6,950,000.

426-454 Bernard Avenue, Kelowna, BC


Property Description

HM Commercial Group is pleased to offer for sale 426-454 Bernard Avenue, a 0.366 acre assembly previously approved for a 27 storey high rise in Downtown Kelowna.

This opportunity offers a 3 property assembly totaling approximately 0.366 acres, with conceptual plans and drawings available for a 27 storey mixed-use building with commercial, parking, and residential components. The previous development permit has expired, so a buyer would need to undertake re-applying for a development permit, and do their own due diligence on this matter. 

Situated along Bernard Avenue between Lululemon and Scotiabank, this development site will offer spectacular views of Lake Okanagan and the surrounding mountains, and is less than a 5 minute walk to City Park and the new Marina.

Most high-rise developers will recognize the great value in this site, with the list price per buildable square feet around $50, compared to more than $300 in major markets like Vancouver.

Additional Information

Municipal Address426-454 Bernard Avenue, Kelowna, BC
Legal DescriptionLots 3, 4, & 5, Block 16, District Lot 139, Osoyoos Division Yale District, Plan 462, Except The West 17.05 Feet Thereof Lot 5
PID012-358-371, 012-358-410, 007-098-642
LocationWell located in the heart of Downtown Kelowna along Bernard Avenue, Kelowna’s historic main street. These properties feature an unbeatable location, less than a 5 minute walk to Lake Okanagan and the new Marina. Surrounded by a host of boutique shops, local restaurants, and professional services.
Development Site AreaApprox. 0.366 acres
Land AreaApprox. 0.366 acres
ZoningC7, Central Business 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