PRIME MULTI-FAMILY DEVELOPMENT 
OPPORTUNITY ON GORDON TRANSIT CORRIDOR

A Four-Lot Power Play in the Heart of Kelowna

Welcome to a truly remarkable development opportunity on the Gordon Transit Corridor. This 0.7-acre assembly boasts 4 contiguous lots, 190 feet of premium frontage, and dual street access off Gordon and Stockwell. The current and estimated rent roll is $15,390 / monthly, the site offers immediate income while you plan and execute your vision.

Envision up to 6 stories of multi-family or mixed-use potential under MF3 zoning (1.8 + 0.25 FAR), translating into approximately 85 to 95 residential units—with clever parking solutions already sketched out. Whether you target condos, rental apartments, or a blend with ground-level townhomes, this site gives you the scale, exposure, and flexibility to maximize returns.

Situated in one of Kelowna’s most dynamic growth corridors, your future development will benefit from high traffic visibility, excellent transit connectivity, and close proximity to bustling urban amenities. The demand for quality housing here is surging, making this property a strategic choice for builders and investors looking to cement their presence in the ever-expanding Okanagan market.

Why Invest Here?

• Strategic Growth Path: Gordon Drive in Kelowna is a dynamic area, promising extensive absorption and steady returns on investment.
  
  
• Design Collaboration: Elevate unit layouts, parking, and amenities by working closely with elite designers to ensure they resonate with your vision and brand.
  
  
• Ensuring Cash Flow: Maintain a steady income stream from rentals as you finalize development plans to keep your project on schedule.
  
  
• Premium Land Holdings: Contiguous, large parcels with flexible zoning in prime areas are scarce, presenting a unique opportunity for long-term growth and connectivity.

Property Highlights

• Lot Size: ~32,550 SF total
• Zoning Potential: MF3 (up to six storeys on a Transit-Supported Corridor)
• FAR: 1.8 + 0.25 bonus
• Frontage: ~190 ft on Gordon Drive
• Access: Dual street access off Gordon & Stockwell
• Rental Income: $15,390/month

Development Potential

• Unit Count: Up to 95 suites (2-level parking) or ~85 suites (3-level parking)
• Parking Capacity: ~100 spaces (2 levels) or ~120 spaces (3 levels)
• Layout Concept: Townhomes at ground level, apartments above, with amenity spaces to screen ramps
• Flexibility: Options for car share or purpose-built rentals to reduce parking requirements

More Photos

Map Of The Area

Ready To Capitalize On Kelowna’s Thriving Real Estate Market?

Call/Message/Email:

DARCY FIANDER - Sales Consultant/Partner

O: 250.717.3133 P: 250.826.9196

[email protected]

100-1060 Manhattan Drive Kelowna BC, V1Y9X9