215 Arab Road
Offered at: $3,500,000
Offered at: $3,500,000
MLS®: 10316017
OPPORTUNITY KNOCKS!!! Priced below the 2024 Tax Assessed Value of $3,525,000.00, this rare package of 1.85 Acres close to the University, with a large house/building with 8 bedrooms, 6 bathrooms, a 5-car garage & all under one roof! Perfect for a revenue property, an extended family, or both. This property is NOT in the ALR, & re-zoning from A2 to I2 is possible making this a great holding property. https://215arab.info (id:6769)
City
Kelowna
Subarea
North Glenmore
Lot
1.85
Construction Date
1981
British Columbia, Canada, V1V2G8
Single Family
1.85
RE/MAX Kelowna
Priced below the 2024 Tax Assessed Value
This property is NOT in the ALR, & re-zoning from A2 to I2 is possible making this a great holding property.
This rare 1.85-acre estate near Kelowna’s University District is perfect for investors, developers, or multi-generational families looking for a high-value property with incredible potential. With 8 bedrooms, 6 bathrooms, and a massive 5-car garage, this home is ideal for those seeking rental income, student housing, or a spacious private residence. The property’s strategic location near UBC Okanagan and the possibility of rezoning from A2 to I2 make it a prime holding or development opportunity.
Welcome to 215 Arab Road, an exceptional 1.85-acre estate offering unmatched space, versatility, and investment potential in Kelowna’s thriving University District. Priced below the 2024 tax-assessed value of $3,525,000, this property presents a rare opportunity to secure a high-value asset in a rapidly growing area.
With 8 bedrooms and 6 bathrooms, this expansive home is designed to accommodate large families, multi-generational living, or student rentals. The 5-car garage and ample outdoor space provide room for vehicles, recreational equipment, or future development.
This property is not in the Agricultural Land Reserve (ALR), offering flexibility for future zoning changes. With the potential to rezone from A2 to I2 (General Industrial), this estate holds significant long-term investment potential for commercial or mixed-use development.
Situated just minutes from UBC Okanagan, Kelowna International Airport, and major transit routes, this location offers strong rental demand, development appeal, and convenient access to urban amenities. Whether you’re looking to generate income, develop, or simply enjoy a private estate in a prime location, this property is a must-see.
The University District in Kelowna is the Education Hub!
Discover Kelowna’s fastest growing neighbourhood!
University District: Kelowna’s Fastest-Growing Hub for Innovation & Investment
The University District in Kelowna is one of the city’s most rapidly expanding and strategically located neighborhoods, making it a prime area for future development. With UBC Okanagan, Kelowna International Airport, and major transit routes just minutes away, this area is a hotspot for investors, students, and businesses alike.
Why Invest in Kelowna’s University District?
Unmatched Growth & Development Potential
- The University District is booming, with ongoing infrastructure improvements, commercial expansion, and increasing housing demand.
- UBC Okanagan is projected to double its student population, driving high rental demand and future housing development opportunities.
- Proximity to Kelowna International Airport (YLW) and Highway 97 makes this an ideal location for businesses, tech hubs, and workforce housing.
- The City of Kelowna’s Official Community Plan (OCP) supports urban expansion, making properties in this area prime candidates for rezoning and higher-density development.
Strong Rental & Investment Demand
- Students, faculty, and professionals are continually seeking housing near UBC Okanagan, creating strong and consistent rental demand.
- With Kelowna’s growing tech sector and airport expansion, there is a rising need for commercial, industrial, and multi-family developments in the University District.
- Potential to rezone from A2 to I2 (General Industrial) allows for a variety of future uses, from residential projects to business expansions.
Thriving Community & Amenities
- UBC Okanagan (3 km away) – One of Canada’s leading universities, driving population growth and employment opportunities.
- Kelowna International Airport (4 km away) – Connecting Kelowna to major cities and fueling economic expansion.
- Major Shopping & Retail (5 km away) – Includes Costco, Walmart, and other essential services.
- Access to Nature & Recreation – Close to parks, hiking trails, and Okanagan Lake, offering a balanced lifestyle for residents and students.
- Future-Proof Location – Positioned between North Glenmore, McKinley Landing, and Quail Ridge, making it a central hub for future city planning and development projects.
One of a kind property in a one of a kind neighbourhood!
This one-of-a-kind property offers unlimited possibilities, from high-end rental income to long-term development. Don’t miss this rare investment opportunity—schedule your private tour today!
Amenities for this 1.85 acre property!
- Expansive Estate: 1.85 acres with future development potential
- Spacious Home: 8 bedrooms, 6 bathrooms – ideal for large families or rental income
- Massive 5-Car Garage: Perfect for vehicle storage, workshops, or business operations
- Investment Potential: Priced below assessed value, with zoning flexibility for future growth
- Prime Location: Minutes from UBC Okanagan, Kelowna Airport, and major roadways
- Future Zoning Possibilities: Potential to rezone from A2 to I2 (General Industrial)
Are you the ideal buyer for this end unit home?
Ideal Buyer Profile
✔ Investors & developers seeking a high-potential holding property in a rapidly growing university district.
✔ Multi-generational families looking for a spacious home with room to accommodate extended family members.
✔ Entrepreneurs & business owners interested in future rezoning for industrial or commercial use.
✔ Rental property investors wanting to capitalize on the demand for student housing and workforce accommodations.
Schools Near 215 Arab Road
Nearby Schools & University Access
- UBC Okanagan (3 km) – One of Canada’s top universities with a growing student population.
- North Glenmore Elementary School (6 km)
- Dr. Knox Middle School (8 km)
- Kelowna Secondary School (10 km)
215 Arab Road
UBC-O
Nester’s Groceries
YLW Airport
Downtown Kelowna
Get in touch to learn more about this versatile property!
