A remarkable development offering situated in one of the Okanagan’s most rapidly evolving real estate corridors. This 5-lot assembly on Cherry Cres East comprises approximately 45,175 sq ft and falls under the Kelowna 2040 Official Community Plan’s Transit Supported Corridor (TSC) designation. This planning framework supports low-rise, multi-family development in alignment with Kelowna’s growth and housing objectives.
Located directly across from the future redeveloped Parkinson Recreation Centre, which will be Kelowna’s largest capital investment project valued at approximately $242 million and anticipated to reopen in late 2027, this site is just a 7-minute drive from Downtown Kelowna, and offers exceptional accessibility within the Old Glenmore neighbourhood. The area is well-connected, with close proximity to the Kelowna Golf & Country Club, established rapid transit routes, and an expanding network of walking and cycling paths. Highway 97, Lake Country, McKinley Beach, and the future UBCO Downtown Campus are all easily accessible, further strengthening the long-term desirability and growth potential of this location.
With demand continuing to rise for attainable and transit-oriented housing options, this assembly presents an outstanding opportunity for low-rise residential or multi-family development suited to Kelowna’s future growth.
Salient Facts:
Total Site Area: 45,174 sq ft
Floor Space Ratio (FSR): 2.5
Potential Buildable Square Foot: 112,935 sq ft
Potential Land Usage: Low-Rise
Combined Assessed Value: $3,997,000
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*