The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present 438 Valley Road, a multifamily site in the heart of Glenmore with an approved 154-unit apartment complex. The flat, third-reading approved development site offers developers substantial cost savings through an approved set of drawings that were submitted ahead of changes to the BC building code allowing for less stringent seismic design requirements without the need to supply 20% adaptable units. Further, the site has been rezoned rental-only allowing for a 10-year municipal property tax exemption and development reports have been completed. The Glenmore neighbourhood in Kelowna is a ripe rental haven with several proven projects in the vicinity capturing market leading rents with low vacancy. Shopping, schools, and amenities are within walking distance and transit is readily available offering short trips to downtown Kelowna, UBCO, and Kelowna International Airport.