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Multi-Family

285 Robson Rd W

285 Robson Rd W, Kelowna, BC V1X 3C7

Listing Price: $6,300,000

Lot Size
1.04 acres
Price/Acre
$6,057,692
Land Type
Land
Buildable Square Feet
88,249

Investment Overview

Institutional Property Advisors (IPA) and Marcus & Millichap (M&M) are pleased to present the exclusive opportunity to purchase a ~1.04 acre shovel-ready rental development site in the booming neighbourhood of Rutland in Kelowna, BC. The project boasts a centre-ice location in Kelowna along Rutland Road.

Plans are in place for a total of 88,249 sf of gross buildable, encompassing 106 suites with an excellent diverse suite mix catering to the wide array of tenant profiles in the area. A development permit has been approved and the site is positioned to take immediate advantage of the rental housing shortage in Kelowna.

Rutland is a central neighbourhood in Kelowna and in close proximity to UBC Okanagan, Kelowna International Airport, and Highway 97 for access throughout the Okanagan.

Investment Highlights

  • Large corner lot of over 1 acre with excellent access off Rutland Road and in close proximity to shopping, amenities, schools, and transit in the heart of Rutland.
  • The proposed suite mix for the project includes 20 studios, 51 - 1 bedrooms, and 35 - 2 bedrooms providing a wide array of options for tenant profiles in the area.
  • The area has seen significant population growth of 16% since 2016 and with inter- and intra-provincial immigration, housing shortages in Kelowna will continue to persist.
  • With development approval in place, the site allows for almost immediate construction to begin, limiting expensive lag times and holding costs.

Exclusively Listed By

Multi-Family

285 Robson Rd W

Listing Price: $6,300,000

Lot Size
1.04 acres
Price/Acre
$6,057,692
Land Type
Land
Buildable Square Feet
88,249

Investment Highlights

  • Large corner lot of over 1 acre with excellent access off Rutland Road and in close proximity to shopping, amenities, schools, and transit in the heart of Rutland.
  • The proposed suite mix for the project includes 20 studios, 51 - 1 bedrooms, and 35 - 2 bedrooms providing a wide array of options for tenant profiles in the area.
  • The area has seen significant population growth of 16% since 2016 and with inter- and intra-provincial immigration, housing shortages in Kelowna will continue to persist.
  • With development approval in place, the site allows for almost immediate construction to begin, limiting expensive lag times and holding costs.

Investment Overview

Institutional Property Advisors (IPA) and Marcus & Millichap (M&M) are pleased to present the exclusive opportunity to purchase a ~1.04 acre shovel-ready rental development site in the booming neighbourhood of Rutland in Kelowna, BC. The project boasts a centre-ice location in Kelowna along Rutland Road. Plans are in place for a total of 88,249 sf of gross buildable, encompassing 106 suites with an excellent diverse suite mix catering to the wide array of tenant profiles in the area. A development permit has been approved and the site is positioned to take immediate advantage of the rental housing shortage in Kelowna. Rutland is a central neighbourhood in Kelowna and in close proximity to UBC Okanagan, Kelowna International Airport, and Highway 97 for access throughout the Okanagan.

Exclusively Listed By

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