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3116 Appaloosa Rd

1 Acre of Industrial Land Offered at $1,615,554 USD in Kelowna, BC V1V 2G9

Investment Highlights

  • Located in the Reid’s Corner/Sexsmith area of Kelowna with easy access to Highway 97 N via Academy Way & Sexsmith Road
  • Minutes from UBC Okanagan, Kelowna International Airport and Highway 33
  • Potential to develop an industrial complex to a maximum of 65,340 SF based on I2 zoning guidelines

Executive Summary

RE/MAX Kelowna presents an outstanding opportunity to acquire a prime property in one of Kelowna’s key industrial growth areas. Located on the north side of Appaloosa Rd, between Academy Way and Arab Crt, this property totals approximately 1.00 acre (±43,560 SF), with a rectangular shape offering ±104 FT of frontage along Appaloosa Rd and a depth of ±420 FT. Currently zoned RR2 - Small Lot Rural Residential, the property is situated in a rapidly transitioning area, designated by Kelowna’s 2040 OCP as IND - Industrial for future land use. This zoning designation aligns with the surrounding area's ongoing shift towards industrial development, with the potential to rezone to I2 - General Industrial. Such a rezoning would permit a maximum site coverage of 60%, a floor area ratio (FAR) of 1.5 (allowing for up to 65,340 SF), and a building height of up to 16 meters (52.4 feet).

Property Facts

Price $1,615,554 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Total Lot Size 1.00 AC

1 Lot Available

Lot

Price $1,615,554 USD
Price Per AC $1,615,554 USD
Lot Size 1.00 AC

3116 Appaloosa Road is a well-situated property in the Reid’s Corner/Sexsmith/Appaloosa area of Kelowna. The property totals approximately 1.00 acres or about 43,560 SF, containing a single-family home of about 2,193 SF and a detached workshop/garage

Description

Introducing 3116 Appaloosa Road, a well-situated property in the thriving Reid’s Corner/Sexsmith/Appaloosa area of Kelowna. Spanning approximately 1.00 acre (about 43,560 SF), this rectangular lot currently features a spacious single-family home of about 2,193 SF and a detached workshop/garage. The property gently slopes to the south, boasting approximately 104 FT of frontage along Appaloosa Rd and a depth of around 420 FT. This area is designated as one of Kelowna's primary industrial growth zones, with the 2040 Official Community Plan (OCP) indicating future land use as IND - Industrial. The neighborhood is undergoing a significant transition, with several surrounding properties already rezoned to I2 – General Industrial. This presents a unique development opportunity; potential rezoning to I2 could enable the construction of a new industrial complex with a maximum site coverage of 60%, a floor area ratio (FAR) of 1.5 (allowing for up to 65,340 SF), and a maximum height of 16 M (52.4 FT). Don’t miss your chance to capitalize on this promising investment in a rapidly evolving area!

zoning

Zoning Code RR2 (Small Lot Rural Residential)
RR2 (Small Lot Rural Residential)
  • Listing ID: 33386202

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 3116 Appaloosa Rd, Kelowna, BC V1V 2G9

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