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1089 Clement Av
Kelowna, BC V1Y 7E3
Land Assembly - Clement Ave & Gordon Drive · Land For Sale
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0.45 ac
PROPERTY FACTS
| Property Type | Land | Proposed Use | Build-to-Rent |
| Property Subtype | Residential | Total Plot Size | 0.45 ac |
| Use Class | RU4 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Build-to-Rent |
| Total Plot Size | 0.45 ac |
| Use Class | RU4 |
DESCRIPTION
Outstanding assembly totalling .45 acres at the high-profile corner of Clement Ave & Gordon Dr. Potential for MF3 zoning as assembly is on a transit supportive corridor, would allow a FAR of 1.8 with potential for a further bonus FAR of .55 and up to 6 storeys of mixed commercial and residential use. Preliminary plans indicate 2 CRUs on the main floor (1 fronting Clement & 1 fronting Gordon) and 5 floors on residential with approx. 30 units. Currently 2 rental single family homes provide great cashflow and holding income. Close to downtown, the lake and the growing Brewery District along Clement Ave, near restaurants, cafes, coffee shops, craft breweries, wineries, boutique businesses and public transportation.
