Mixed-Use Development Land $ 4,900,000
3326 Lakeshore Road, Kelowna, BC

Mixed-Use Development Land $4,900,000.

3326 Lakeshore Road, Kelowna, BC

Property Description

The City of Kelowna, through its research, has deemed a small parcel of land is surplus to City requirements and has decided to offer for sale a prime flat developable site, to be subdivided to around 1.15 acres (subject to final survey). 3326 Lakeshore Road offers the incredible opportunity to purchase approximately 1.15 acres of developable land in the Pandosy Town Centre in Kelowna’s Lower Mission. This property is exceptionally well located, just steps from shopping, restaurants, Gyro Beach and Okanagan Lake. The property is currently zoned C1, but the City may support any reasonable proposal to rezone the property to C4 Urban Centre commercial, on the following terms and conditions:

  • The Buyer will be responsible for any application fees and professional consulting fees associated the rezoning application, and must enter into a servicing agreement 
  • The Buyer must begin construction of its intended development within 2 years of the completion date and in the event it has not, the city will have the option to buy-back the property at the same value as the purchase price.
  • Proposed development must have commercial on the ground floor, fronting Lakeshore Road with  preference to have mixed use residential and townhomes along Watt Road
  • Any development must conform with parking regulations and design guidelines in the relevant Zoning Bylaw within the Pandosy Area Urban Town Centre and must be LEED certified

Offers may be submitted in a sealed envelope and must be received by Macdonald Realty Kelowna on or  before 4:30pm, April 28, 2017. The City will not consider offers until this time. Any offer accepted by the City of Kelowna shall be subject to final approval by city council.

Additional Information

Municipal Address3326 Lakeshore Road, Kelowna, BC
Legal DescriptionSubdivided Portion of Lot 27, District Lot 14, Land District 41, KAP2708, ODYD
LocationThe property is well located in the Pandosy Town Centre in Kelowna’s Lower Mission, just steps from shopping, restaurants, Gyro Beach and Okanagan Lake.
Development Site Area+/-1.15 acres
Land Area+/-1.15 acres
ZoningC1, Local Commercial

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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

2700 Richter St. Kelowna, BC V1Y 2R5