Kelowna renters can breathe a sigh of relief as City Council approved nearly 200 new rental units during their recent meeting. This decision comes after we previously reported on the proposal for these units in our article.
The approvals address Kelowna's ongoing rental shortage and offer a variety of housing options for residents. Let's delve deeper into the details of these two developments:
Belaire Avenue (1310 & 1320)
Rezoning approved for a five-story building with 62 rental units. This is a significant win, considering the initial request for a rezoning to accommodate these units.
The development offers a mix of unit sizes, catering to various needs:
- 16 one-bedroom units
- 22 one-bedroom units with a den, perfect for those who need a dedicated workspace.
- 24 two-bedroom units, ideal for couples or small families.
Ample bicycle parking (89 stalls) is planned, encouraging eco-friendly transportation. Additional short-term visitor parking ensures convenience for guests.
The developer, BlueGreen Architecture Inc., may be eligible for a reduction in car parking requirements under the city's rental incentive program. This would free up valuable space for other amenities or additional bicycle parking.
Lawson Avenue (1110)
City Council granted a development permit for a new building boasting 130 rental units. This is a substantial addition to Kelowna's rental landscape.
The development offers a diverse unit mix, including:
- 13 bachelor units, suitable for young professionals or those seeking a more compact living space.
- 80 one-bedroom units.
- 31 two-bedroom units.
- Notably, six three-bedroom units are included, catering to families seeking larger accommodations within a rental setting. This variety ensures the development appeals to a broader range of renters.
The project incorporates environmentally-friendly features, including a rooftop amenity space and a green roof. These elements contribute to a more sustainable living environment.
Ample parking options are available, with:
- 99 parking stalls in a partially below-grade parkade.
- 23 surface stalls for added convenience.
- Two Modo car-share stalls, promoting alternative transportation options.
- Interestingly, the developer, Zeidler Architecture, proposes a staggering 175 long-term bicycle parking spots, potentially exceeding city requirements. This demonstrates a commitment to encouraging cycling as a viable transportation choice.
Beyond the units themselves, residents can enjoy additional amenities planned for the main floor, including:
- A fitness room, perfect for maintaining a healthy lifestyle.
- A games room, fostering a sense of community and offering a space for relaxation and entertainment.
- A co-working space, catering to the growing trend of remote work and offering a dedicated space for productivity.
These developments mark a positive step towards increasing Kelowna's rental stock and providing residents with a wider range of housing options. Coldwell Banker Horizon Realty will continue to monitor the progress of these projects and provide updates as they become available.
Looking to rent in Kelowna? With these new developments on the horizon, exciting possibilities await. Our team of experienced property managers can help you find your perfect rental home. Contact Coldwell Banker Horizon Realty today and let us guide you through the process!
The content of this article is for informational purposes only and should not be considered as financial, legal, or professional advice. Coldwell Banker Horizon Realty makes no representations as to the accuracy, completeness, or suitability of the information provided. Readers are encouraged to consult with qualified professionals regarding their specific real estate, financial, and legal circumstances. The views expressed in this article may not necessarily reflect the views of Coldwell Banker Horizon Realty or its agents. Real estate market conditions and government policies may change, and readers should verify the latest updates with appropriate professionals.
