2702 Glenmore Road
Kelowna, BC V1B2V6
$4,275,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 63.31 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $24,987
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10367129
- Listed
- November 5, 2025
- Time on market
- On the market for 299 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Wine Capital Realty · Data source: CREA DDF.
Description
63-Acre Development Property with 20 Acres Outside the ALR – Prime Glenmore Location. An exceptional opportunity for developers and investors! This 63-acre property, with 20 acres outside the Agricultural Land Reserve (ALR), offers immense potential under the new BC Housing Action Plan. Situated just minutes from UBCO and downtown Kelowna, this is one of the few large parcels remaining in such a strategic and high-demand area. If you’ve ever envisioned establishing a winery in the Okanagan, this site offers high exposure, breathtaking lake and valley views. Located along busy Glenmore Road, the property boasts approximately 1,000 feet of frontage on the McKinley Reservoir and sits at the entrance to the McKinley Landing development. Currently serviced by well water with the option to convert to city water, this property offers both flexibility and future potential. The adjacent 1.96-acre parcel at 2670 Glenmore Road also for sale, offering a combined total of approximately 65 acres of prime land in close proximity to Kelowna’s town center. A rare and remarkable opportunity for future development or a signature Okanagan winery estate. (id:63159)
Location Insights
Weather
15°C
Clear
Humidity 76%
Wind NNW 4 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Aberdeen Hall Preparatory School(Independent) | K-12 | 4.5 km |
| North Glenmore Elementary | Elementary | 5.0 km |
| Dr Knox Middle School | Middle | 5.6 km |
| Ellison Elementary | Elementary | 6.3 km |
| HS Grenda Middle School | Middle | 6.5 km |
| George Elliot Secondary | Secondary | 6.7 km |
| Peter Greer Elementary | Elementary | 7.0 km |
| Watson Road Elementary | Elementary | 7.0 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($855,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.