4058 & 4066 Gellatly Road

Description

A rare and highly strategic waterfront-adjacent development opportunity in one of West Kelowna’s most sought-after and evolving beachside neighbourhoods. Comprising two parcels totalling approximately 2.98 acres, this site fronts Gellatly Road, the Gellatly Pedestrian Corridor, and is steps from Willow Beach and Okanagan Lake. The municipality supports redevelopment for a vibrant mixed-use waterfront village, as per the Gellatly Village Study. Multiple plans for proposed development concepts are available on request, accommodating residential units, live/work units, and small-scale commercial units. Design concepts embrace West Kelowna’s Official Community Plan, Waterfront Master Plan, and Gellatly Village Growth Management Designation. Future development could offer cafes and boutique retail, public plazas, and strong connectivity to surrounding trails, beaches, and parks, alongside waterfront residences. Walkable amenities include a public boat launch and marina, multiple beaches and waterfront parks, sports courts, hiking trails, The Landing Kitchen & Bar in The Cove Lakeside Resort, and more! With limited remaining large parcels in Gellatly Village, this offering represents a once-in-a-generation opportunity to deliver a landmark, year-round waterfront-oriented community in one of West Kelowna’s most prominent locations. (id:63159)

Property Details

Annual property tax

$88,764.92

Brokerage

Sotheby's International Realty Canada

Location Insights

Population

36,078

(2021 Census)

+10.5% since 2016

Density

295.5/km²

Dwellings

14,746

Median household income

$99,000

After-tax

$87,000

Immigrant population

13.5%

Top countries of origin

• United Kingdom2.9% · 1,040
• Germany1.3% · 485
• United States of America1% · 350
• Philippines0.7% · 260
• Poland0.6% · 200
• Netherlands0.5% · 190
• India0.5% · 190
• South Africa, Republic of0.4% · 145

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Kelowna

26°C

Haze

Humidity 31%

Wind S 8 km/h

Today

27°

Tonight

14°

Thursday

22°

Thursday night

7°

Friday

21°

Friday night

9°

Source: Environment and Climate Change Canada.