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Clement Avenue, Kelowna

Property Description

Visionary Urban Development Starts Here Unlock the potential of one of Kelowna’s most coveted development opportunities with this rare 3-parcel land assembly along the high-demand Clement Avenue corridor. Spanning a combined 0.46 acres, this premium site offers endless potential in a neighborhood poised for remarkable growth and urban transformation. Currently zoned MF-1, this property supports a range of housing types including infill townhomes, ground-oriented units, and low-rise apartment buildings. However, the real magic lies in the potential for rezoning to MF-3—a designation that could open the door to higher-density development, including apartment buildings up to 6 storeys with a base FAR of 1.8, expandable to 2.5 in transit-oriented areas (buyer to verify with the City of Kelowna). Set within a transit-supportive corridor, this location is an urban planner’s dream. Just steps from Okanagan Lake and surrounded by the vibrant energy of downtown Kelowna, future residents will enjoy world-class amenities: trend-setting restaurants, boutique shopping, wine bars, breweries, and exceptional public transportation. Prime location. Limitless potential. Visionary opportunity. (id:43014)

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Full Address:
Clement Avenue, Kelowna, British Columbia
Price:
$ 3,900,000
MLS Number:
10343693
List Date:
May 1st, 2025
Neighbourhood:
Kelowna North
Lot Size:
0.46 ac
Taxes:
$ 17,387

Property Details

Interior Features

Sewer:
Municipal sewage system
Water:
Municipal water
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$ 17,387

Building Features

Floors

Lot Size:
0.46 ac
Current Use:
Development residential
Road Type:
Paved road

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: William HubbardOffice: Coldwell Banker Executives Realty

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Visionary Urban Development Starts Here Unlock the potential of one of Kelowna’s most coveted development opportunities with this rare 3-parcel land assembly along the high-demand Clement Avenue corridor. Spanning a combined 0.46 acres, this premium site offers endless potential in a neighborhood poised for remarkable growth and urban transformation. Currently zoned MF-1, this property supports […]
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Clement Avenue, Kelowna

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Kelowna North/Downtown

Looking for a convenient place to call home, close to the action, the beach, great restaurants, shopping and more? Downtown Kelowna is the place for you. Kelowna North consists of Kelowna’s downtown. This is a great neighbourhood for those looking to live amongst the hustle and bustle of Kelowna. The area hosts some of Kelowna’s best restaurants and some fantastic shopping. City Centre Park offers some fantastic beaches and green spaces and is a frequent host to Kelowna’s many festivals and events. Kelowna North is a popular neighbourhood and has something for everyone. Much of Kelowna’s nightlife is concentrated in the downtown area, including pubs, movie theatres, live theatres, and much more. Kelowna North is also home to the Cultural District. The Cultural District is home to museums, art galleries, theatres and much more. You’ll find many older homes as well as newer condos, including the Madison, one of Kelowna’s most sought after condos. One of the most desirable features of this neighbourhood is walkability. Great locally owned shops and restaurants are just a short stroll away. Kelowna North is continuing to grow and is a great place for investors.

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