368 Valley Road
Kelowna, BC V1V2E5
$4,300,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.75 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $12,066.66
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10396913
- Listed
- August 6, 2026
- Time on market
- On the market for 25 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Kelowna · Data source: CREA DDF.
Description
Prime Development Opportunity in Glenmore – Kelowna, BC Now RE-ZONED to VC1 Welcome to 368 Valley Road, an exceptional 0.75-acre development site located in the highly sought-after Glenmore neighbourhood of Kelowna. This rare offering presents a prime opportunity for developers and investors looking to capitalize on one of the city’s fastest-growing and most desirable areas. The property is currently under re-zoning to VCI, a designation that is fully supported by the City of Kelowna’s Official Community Plan, allowing for the development of a six-storey apartment complex. This forward-looking zoning aligns perfectly with Kelowna’s long-term vision for increased residential density in well-connected urban locations.All municipal services are conveniently located at the lot line, significantly reducing upfront development costs and timelines. The site’s gentle topography and generous lot size offer excellent flexibility for thoughtful, efficient design. Shopping centres, medical offices, schools, parks, and sports fields are all just minutes away, making the location ideal for future residents seeking convenience, walkability, and a strong community feel. With strong population growth, high rental demand, and supportive planning policies, 368 Valley Road represents a compelling development opportunity in one of Kelowna’s most established and desirable neighbourhoods. Opportunities like this are rare—secure your position in Glenmore’s future today. (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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
67
7/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Watson Road Elementary | Elementary | 817 m |
| Dr Knox Middle School | Middle | 887 m |
| North Glenmore Elementary | Elementary | 1.5 km |
| Glenmore Elementary | Elementary | 2.3 km |
| Kelowna Arts Academy(Independent) | K-12 | 3.3 km |
| Pearson Road Elementary | Elementary | 3.4 km |
| Aberdeen Hall Preparatory School(Independent) | K-12 | 3.4 km |
| Bankhead Elementary | Elementary | 3.5 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.
Nearby Places
Restaurants (5+)
- Dozo House Sushi · 1970 Kane Road250 m
- Satang Thai Cuisine · 1970 Kane Road253 m
- Mini Hoang Gia · 1940 Kane Road336 m
- Aroma Pizza · 1940 Kane Road361 m
- EK's Grill · 401 Glenmore Road497 m
Cafes (2)
- Starbucks · 1970 Kane Road261 m
- Tim Hortons · 1936 Kane Road408 m
Grocery (2)
- Cooper's Foods · 1972 Kane Road136 m
- IGA · 1940 Kane Road268 m
Parks (4)
- Whitman Glen Park321 m
- Brandt's Creek Linear Park417 m
- Matera Glen Park489 m
- Sutton Glen Park572 m
Gyms (1)
- Neu Movement · 1974 Kane Road175 m
Pharmacies (3)
- Save-On-Foods Glenmore Pharmacy · 1984 Kane Road100 m
- Shoppers Drug Mart · 1972 Kane Road212 m
- Pharmasave · 437 Glenmore Road509 m
Banks & ATMs (1)
- Interior Savings Credit Union · 1982 Kane Road136 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($860,000) — 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.