Category: Investment Properties

2 mixed-use industrial buildings get the green light on Clement Ave

A unique light industrial project has been given the green light by Kelowna city council. 

On Monday, Sept. 16, council approved the project that includes a two-storey as well as a three-storey building with upper floor offices. 

Councillor Luke Stack called the project “a tremendous assition to the downtown area on a field that has been empty for years.” 

That empty lot is the former BC Tree Fruits Packinghouse site, where the new two-storey building will be situated along Vaughn Avenue while the three-storey building will face Clement Avenue.

The development permit application called the empty lot an “underutilized property” in the centre of Kelowna and proposed that the development would help service a lack of small bay light industrial space. 

The units at the western end of each building are intended for a restaurant or cafe style use, while the south building would host double height units.

Kelowna, Surrey among 2018’s best real estate investment destinations

Western Investor’s annual take on the top five towns to place your real estate investments in Western Canada over the next year

No. 1: Kelowna

The largest city – 127,800 residents – between Metro Vancouver and Calgary, Kelowna is the dominant trading centre for the Okanagan Valley, B.C.’s third most populous region. Together with neighbouring Vernon, West Kelowna, Peachland and Lake Country, the greater Kelowna area has a population of 256,216, up 7.4 per cent from 2011. It also has a blossoming high-tech sector, which has rocketed in the past few years into a $1.3 billion industry that involves more than 200 companies.