An exciting development opportunity in the Okanagan’s rapidly growing real estate market. Our Bernard Ave Land Assembly in Kelowna spans 3 lots, totalling 23,133 sq ft, with buildable potential under the Kelowna 2040 Official Community Plan (OCP) Transit Supported Corridor (TSC) designation, allowing for low-rise apartment development.
Ideally situated across from the newly redeveloped Parkinson Recreation Centre, Kelowna’s largest capital investment project at approximately $242 million and expected to complete in late 2027, the site is only a 7-minute drive to Downtown Kelowna, offering outstanding accessibility within the Old Glenmore neighbourhood. The location benefits from close proximity to the Kelowna Golf & Country Club, established rapid transit routes, and an expanding network of cycling and walking trails. With quick connections to Highway 97, Lake Country, McKinley Beach, and the future UBCO Downtown Campus, this assembly is positioned for strong long-term growth and enduring community appeal.
This prime location is perfectly suited for multi-family or low-rise apartment development, meeting the increasing demand for attainable, transit-oriented housing in Kelowna.
Salient Facts:
Total Site Area: 23,133 sq ft
Floor Space Ratio (FSR): 2.5
Potential Buildable Square Foot: 57,832 sq ft
Potential Land Usage: Low-Rise
Combined Assessed Value: $2,016,000
Kelowna continues to experience robust population growth, with the Old Glenmore area standing out as a key focus for redevelopment under the city’s Transit Supported Corridor plan. Situated across from the Parkinson Recreation Centre and Kelowna Golf & Country Club, this neighbourhood combines recreation, convenience, and connectivity. The bike trail along Clement Avenue, built on the former CNR tracks, is slated to be redeveloped into a driving corridor, further enhancing accessibility.
The site benefits from rapid bus stops just steps away, a new middle school planned near the Apple Bowl, and close proximity to shopping, restaurants, and major transportation routes. Located outside Kelowna’s floodplain, this assembly offers peace of mind and a strategic position just 7 minutes from the UBCO Downtown Campus, which will focus on medical and social services programs.
Listing Agents: Zeljko Mlinar PREC*, Amanda Helou & Sasha Fallon PREC*