C$3,995,000

Prime multifamily development opportunity in the rapidly growing Glenrosa neighbourhood of West Kelowna. This 3.435-acre site on Yorkton Road is located within the master-planned community of The Trails, surrounded by quality homes, parks, schools, and natural hillside views. A major highlight of this property is the stunning lake, valley, and mountain views. The elevated setting creates an impressive backdrop for future homes and offers the opportunity to design a project with strong visual appeal, rooftop patio potential, and desirable outdoor living spaces. A key advantage is that a Development Permit is already in place, providing builders and developers with a significant head start and greater certainty. The property also benefits from servicing already available within the community, helping reduce upfront complexity and support a more efficient development path. Preliminary planning supports either an optimized 79-townhome concept or an alternative concept featuring a combination of three luxury stacked sixplex buildings and 19 multifamily homes. This flexibility gives builders and developers the opportunity to pursue the product mix that best aligns with market demand, pricing strategy, and absorption goals. Located near the Highway 97C Connector, the property provides convenient access toward Kelowna, Peachland, Merritt, and Vancouver, while still offering the quiet residential setting buyers seek. A compelling opportunity to secure a sizeable multifamily development parcel with Development Permit advancement, available servicing, exceptional views, master-planned community context, flexible design potential, and long-term end-user appeal. Conceptual plans and additional information available upon request. (id:41202)