Prime Development Opportunity – Panoramic Okanagan Lake Views This 2.65-acre medium-density zoned property offers an exceptional opportunity for development in Peachland. Situated just above Okanagan Lake along Princeton Avenue, an active transportation corridor, the site is perfectly positioned for a high-quality multi-family project. Zoned RM4, the property has the potential for 46 townhomes and comes with a shovel-ready Development Permit package. The package includes a professionally engineered grading plan designed to minimize soil fill and retaining walls, along with completed geotechnical, hydrogeological, and traffic studies. A full architectural plan has been developed, featuring four terraced building areas to ensure every home enjoys breathtaking lake views. Significant financial contributions have already been made, including $90K in Community Amenity Contributions and $94K toward transportation and transit improvements, both paid to the District. Additionally, the project is eligible for approximately $130K in road improvement DCC credits, subject to District Engineering confirmation. With seller financing available and flexible closing terms, this is a rare opportunity to secure a turnkey, development-ready site in one of the Okanagan’s most sought-after locations. Serious inquiries only – full documentation and professional reports available upon request. (id:2493)More details
DEVELOPER ALERT: A rare 2.35-acre development levelled site in the Okanagan Landing area, surrounded by established neighbourhoods, new residential growth and key community amenities. Approved for 23 single-family homes with suites, or 46 duplex units. This site also has potential for up to 60 townhomes or multi-family units under MUA zoning, subject to City approval. Stomwater, water, and sewer services have been extended to the area (Phase 2) from Okanagan Landing Road, helping to reduce off-site requirements. Additional servicing access available via the 7000 Apollo Rd Subdivision. Walking distance to schools, parks, playgrounds, transit, and multi-use pathways. Minutes from groceries, fitness centers, Elementary and High School, Kin Beach, Paddwheel Park, Marshall Fields, Boat Launches and commercial amenities. An exceptional opportunity in one of Vernon's most desirable corridors that offers outstanding lifestyle appeal and substantial long-term value. (id:2493)More details
A rare opportunity to acquire a high-exposure, dual-title mixed-use commercial building in the heart of downtown Vernon’s C7 Heritage Business District, offering approximately 15,000 sq. ft. across multiple levels. The main floor is anchored by a popular, long-term tenant currently operating a restaurant, while the upper level features a 30-bed hostel with a manager’s suite, providing additional rental income. The lower level includes a newly renovated, licensed cannabis dispensary — built out and ready for launch — along with additional flexible space ideal for retail, wellness, or entertainment-oriented uses. C7 zoning supports a broad range of commercial, cultural, and service-based operations, including retail, arcades, animal grooming, educational facilities, and private clubs. It also permits liquor primary establishments, creating future potential for a lounge, bar, or club concept in the lower level, subject to approvals. With the building currently improved to only two storeys above grade, there may be potential for vertical expansion or redevelopment in the future. A freight elevator supports operational functionality, and the walkable downtown location adds long-term value to this adaptable, income-generating asset. (The owner would consider leasing vacant spaces to a qualified tenant.) (id:2493)More details
Listed by Oakwyn Realty Okanagan-Letnick Estates and Royal LePage Downtown Realty
ATTENTION DEVELOPERS, BUILDERS, AND INVESTORS! Seize this outstanding opportunity to acquire 2.8 acres of prime development land. Currently zoned MUA for up to 67 townhouses or 26 bare land strata lots adjacent to a thriving townhouse development, this land is ripe for development and ready for sale. Discover Lakeside Living at Its Finest! Just steps away from the breathtaking shores of Okanagan Lake, this parcel boasts an excellent opportunity to create a vibrant community in one of the most stunning natural settings imaginable! With the advantage of minutes from the lakeshore, playground, airport, and elementary & secondary school, this opportunity is designed for families of all sizes. The land is securely positioned with established townhouses to the east & fully serviced subdivided land to the west, making it ideal for immediate development. Located in a Versatile Community, this future development is tailored for everyone, from First Time Home Buyers & young families to those looking to downsize or anyone seeking a low-maintenance new home. Imagine the possibilities for building stunning homes complete with/ legal suites to help ease mortgage payments. This community is designed to accommodate diverse lifestyles and create an unmatched living experience in a picturesque locale. Seize this opportunity to build your dream community in a sought-after area! A 4-bedroom home and a 32x60 shop provide revenue income (id:2493)More details
Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in November 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:2493)More details
Situated on a large .2-acre lot, this property is currently zoned MF1B with C-NHD future zoning, opening doors to lucrative development opportunities and ensuring value appreciation over time. With potential for various business opportunities such as boarding or lodging houses, group homes, childcare, home-based businesses, care homes, senior centers, and more, the possibilities are endless. This cash flow rental property boasts an enviable location just steps away from the beach & Kelowna General Hospital. Featuring an impressive layout of 12 bedrooms & 14 bathrooms spread over 6,350 sq ft of living space, this property offers endless investment possibilities. Fully rented and Fully property managed, there are shared kitchen, laundry room, lobby, dining room, entertainment space, outdoor BBQ, manager's suite (with kitchen) etc. This investment guarantees an immediate stream of income, fueling your financial aspirations from day one. And let's not forget about the unbeatable location – nestled within Pandosy Village, you'll be surrounded by commercial retails, restaurants, parks, and the tranquil beach just a block away. This investment isn't just about immediate returns; it's about securing your future in one of Kelowna's most sought-after areas. Don't miss out on this rare opportunity to invest in both cash flow and future development potential in Kelowna's premier neighborhood. (id:2493)More details
Unlock the full potential of urban living and investment with this prime 0.16-acre corner lot, ideally located and zoned MF1 with approved plans for a five-plex (5 townhomes). This property offers a rare combination of development readiness, flexible design, and unbeatable proximity to Kelowna’s most desirable amenities. With 66.7% site coverage & thoughtfully designed layout, approved plan includes five units: Unit #1 fronting Ethel Street with rear-lane access, #2 & #3 also fronting Ethel Street, #4 & #5 fronting Morrison Avenue & Ethel Street. 5 dedicated parking stalls, bike parking & three-storey build potential, a configuration perfectly tailored to today’s rental and resale markets. Current 3 beds 2 baths home is a great rental, offers generous outdoor areas ideal for private yards and garden, with dual vehicle access from both the street frontage and the rear laneway, extra room for RV/camper parking. Located just steps from the active transportation corridor on Ethel Street and minutes from KGH, Pandosy Village, Highway 97, Okanagan College, Guisachan Village, and Kinsmen Park, this site promises long-term value in one of Kelowna’s fastest-growing urban pockets. Whether you’re an investor seeking a strategic holding property, a builder looking for a shovel-ready multi-family project, or a visionary developer aiming to create sought-after urban homes, this lot represents an exceptional opportunity to shape the future of central Kelowna living. (id:2493)More details
Seize the unique opportunity to own a recently renovated, turnkey bubble tea franchise in Vernon's bustling Village Green Mall. This prime location promises high foot traffic and visibility. The store, freshly opened and requiring no additional investment, stands out with its consistent revenue and the rare advantage of no loyalty fees for the franchise, making it an exceptionally profitable venture. Ideal for busy entrepreneurs or first-time business owners, it offers a simple, straightforward operation model. This is a rare chance to step into a thriving, easy-to-manage business in a premium mall location without the usual franchise constraints, making it a perfect blend of opportunity and convenience for potential buyers. (id:2493)More details
Second-floor office/retail space available for lease on busy Bernard Avenue, located in a prime area with high pedestrian and vehicle traffic. This approximately 600 sq. ft. with rent of $1,900/month + Tax, includes: power, utilities, and triple net costs, making it a rare opportunity for businesses. With ongoing high-rise development increasing traffic, this location is perfect for retailers, studios, or office tenants. This unit is front building facing Bernard Ave. Previously used as a barber shop. (id:2493)More details
Data was last updated December 17, 2025 at 10:15 PM (UTC)
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