1975 Shannon Lake Rd - Residential LAND FOR SALE


West Kelowna, BC V4T 1V5 169,013 SF
$10,800,000 CAD
604-243-9524
1975 Shannon Lake Rd, West Kelowna, BC for Sale
$10,800,000 CAD
Residential LAND - FOR SALE
1/4
169,013 SF

1975 Shannon Lake Rd
West Kelowna, BC V4T 1V5


HIGHLIGHTS

  • Fully serviced development site with DP issued for 70 townhouse units
  • Phases 2 and 3 of a three-phase master plan in an established residential community
  • Potential for accelerated construction timeline with Building Permit submission nearly complete
  • Complete onsite and offsite infrastructure in place
  • Access to numerous lifestyle amenities including golf, parks, and wineries in West Kelowna
  • Within a short drive of Highway 97, downtown Kelowna, and Kelowna International Airport

OVERVIEW

1975 Shannon Lake Road offers an outstanding opportunity to acquire a BP-ready townhouse development site in the thriving West Kelowna market. Spanning approximately 3.88 acres, this fully serviced parcel is the final two phases of a three-phase project and is designed for 70 townhouse units. The site benefits from complete onsite and offsite servicing and is fully entitled with a Development Permit already issued, providing a highly advantageous timeline for construction commencement. The proposed site plan accommodates well-designed units featuring functional layouts, with an average unit size of 1,682 square feet and expansive rooftop decks in select homes to capture remarkable valley and mountain views. Located just minutes from Highway 97, the property offers exceptional connectivity to central Kelowna and is less than a 25-minute drive to Kelowna International Airport. Surrounding amenities include Shannon Lake Golf Course, numerous wineries, grocery stores, schools, and recreational destinations, all contributing to strong demand for modern residential offerings in this location. With critical development milestones met, the land is positioned to streamline the path from acquisition to vertical construction, minimizing risk and accelerating revenue realization for investors and developers.

FOR SALE DETAILS

PRICE

$10,800,000 CAD

PRICE/ACRE

$2,783,505/AC

PRICE/SF

$64 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

3.88 AC

LAND SF

169,013 SF

OFFSITE IMPROVEMENTS

-

ZONING

R3 - Low Density Multiple

APN/PARCEL ID

028-881-435

ASK ABOUT THIS PROPERTY

Mike HarrisonAvison YoungMore Info
604-243-9524

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Mike HarrisonAvison YoungMore Info
604-243-9524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.