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Thomson Flats – 1155 Hewetson Ave. and 1325 Redstem St. | Kelowna, Okanagan

Exclusive Listing

Asking Price: $30,000,000

  • 306.08 acres of development opportunity
  • 1155 Hewetson Avenue, Kelownas BC - 98.83 acre parcel
  • 1325 Redstem Street, Kelowna, BC - 207.25 acre parcel
  • Two properties combined provides prime development opportunity for 381 single and multifamily units

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That is how it feels high above the City of Kelowna with breathtaking views of city lights, Okanagan Lake sparkling in the sunshine, sculpted mountains, row upon row of vineyards and lush orchards below in the valley. Upper Mission is one of Kelowna’s most sought after neighbourhoods and is home to numerous successful developments in the area including the Ponds.  Minutes from Downtown, this community will be rife with an abundance of nature: hiking trails, Smith Lake, Bellevue Creek and a plethora of wildlife in their natural habitat. Only a short drive from some of the most renowned wineries in the area such as CedarCreek, Summerhill and St. Hubertus, the Upper Mission is also ripe with local fruit and vegetables from local orchards.  Local schools such as Chute Lake Elementary, Little Owl Academy, Canyon Falls Middle School and Mission Secondary make the Upper Mission an ideal place to raise a growing family. The City of Kelowna has recognized the need for more development in this prestigious area and has designated neighbouring group of 5 parcels located on the east end of Chute Lake Road south of Fraser Lake eastward to the City’s southeast boundary south of Jack Smith Lake as the Thomson Flats. The area is bounded by the City of Kelowna’s southernmost boundary with Chute Lake Road to the West and Bellevue Creek to the East.

This area encompasses 631.43 acres of “Future Urban Reserve“ land and in the Official Community Plan (OCP), the lands are currently designated as within the City’s permanent growth boundary.  Our offering is the southernmost portion of this band of properties: 2 adjoining lots. The westernmost parcel which adjoins 1325 Redstem St, is the larger of the two pieces at 207.25 acres.  The two properties combine to just over 306 acres of prime development land for single and multifamily development, 381 Units in total are slated for development.
Of these, 223 units are classified as Development Nodes LMNOPQRV- Current Development and the 158 remaining in Nodes STU and V are scheduled for Future Use. Together, the Hewetson and Redstem properties form the largest piece of all parcels in the Thomson Flats area. Neighbouring pieces owned by Melcor Properties and Canadian Horizons are currently under study for development by the City of Kelowna.

Details

Property Class:Land
Property Type:Land
Lot Size:306.08 (Acres)
By Law Restrictions:No Restrictions
Title to Land:Freehold NonStrata

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