An exciting development opportunity along one of Kelowna’s key growth corridors. The Clement Avenue Land Assembly comprises 4 properties with a combined site area of 19,164 sq ft and buildable potential of approximately 44,077 sq ft, supported by a Floor Space Ratio (FSR) of up to 2.3. Strategically located along Kelowna’s Clement Avenue Transit Supported Corridor (TSC), a designated arterial within the city’s TSC pilot project, the site is well suited for mid-rise or low-rise multifamily residential development.
Situated in North Kelowna’s growing “brewery hub,” the assembly is surrounded by a mix of local Okanagan breweries, restaurants, and pubs that contribute to a lively urban atmosphere. Clement Avenue functions as a major east–west arterial, offering quick connections to downtown Kelowna just a few minutes away by car and placing residents within approximately five minutes of Prospera Place and the Delta Hotels by Marriott Grand Okanagan Resort. Nearby amenities include Lombardy Park and Bankhead Elementary School, adding everyday convenience and family-oriented appeal to this emerging urban corridor.
Salient Facts:
Total Site Area: 19,164 sq ft
Floor Space Ratio (FSR): up to 2.3
Potential Buildable Square Foot: 44,077 sq ft
Potential Land Usage: Low-Rise or Mid-Rise
Combined Assessed Value: $2,345,200
The assembly benefits from pre-zoning that supports up to six storeys of multifamily residential density, providing a higher level of entitlement certainty and reducing rezoning risk for future projects. Proximity to high-frequency transit infrastructure and a walkable, amenity-rich environment positions this site within an established growth corridor targeted for intensified residential use. These attributes support strong projected absorption, efficient unit mix planning, and long-term rental or strata viability in a supply-constrained urban market.
This location offers an opportunity to deliver thoughtfully planned, transit-oriented housing that aligns with Kelowna’s broader objectives for compact growth, sustainable transportation, and increased housing supply along major corridors.
Listing Agents: Zeljko Mlinar PREC*, Amanda Helou & Sasha Fallon PREC*