Multi-Family
Blue Sky Kelowna Lands
675 Black Mountain Dr, Kelowna, BC V1P 1P7
Listing Price: $12,000,000
Investment Overview
Institutional Property Advisors (IPA) and Marcus & Millichap (M&M) are pleased to present the opportunity to purchase a ~2.60 acre development site, located along Black Mountain Golf Club in the growing market of Kelowna. The project boasts a superior location across from the clubhouse and along the fourth hole.
Plans are in place for a total of 213,998 sf of gross buildable and 213 total units, 17 of which are townhomes. With both inter- and intra-provincial immigration continuing to increase, housing shortages have continued to persist in Kelowna. Black Mountain is considered a highly desirable area with current average household incomes above the Kelowna average, at an average income of $131,387.
Blue Sky Kelowna Lands
Investment Highlights
- Highly desirable location along Black Mountain Golf Club.
- Kelowna has experienced significant population growth - 16% since 2016 - and has continued to experience substantial increases in rental rates and real estate sale prices.
- The project provides significant scale, with current drawings including 213 units.
- Potential to build market condo or market rental.
Exclusively Listed By
Listing Price: $12,000,000
Investment Highlights
- Highly desirable location along Black Mountain Golf Club.
- Kelowna has experienced significant population growth - 16% since 2016 - and has continued to experience substantial increases in rental rates and real estate sale prices.
- The project provides significant scale, with current drawings including 213 units.
- Potential to build market condo or market rental.
Investment Overview
Institutional Property Advisors (IPA) and Marcus & Millichap (M&M) are pleased to present the opportunity to purchase a ~2.60 acre development site, located along Black Mountain Golf Club in the growing market of Kelowna. The project boasts a superior location across from the clubhouse and along the fourth hole. Plans are in place for a total of 213,998 sf of gross buildable and 213 total units, 17 of which are townhomes. With both inter- and intra-provincial immigration continuing to increase, housing shortages have continued to persist in Kelowna. Black Mountain is considered a highly desirable area with current average household incomes above the Kelowna average, at an average income of $131,387.
Exclusively Listed By
