The City of Kelowna is set to consider a rezoning application for a property at the corner of Cross Road and Glenmore Road. This project, if approved, could bring much-needed affordable housing options to the growing city.
Project Overview
The proposal seeks to rezone the land at 1951 Cross Rd. from a combination of RU1 (Large Lot Housing) and P2 (Education and Minor Institutional) zones to MF3r (Apartment Housing - Rental Tenure Only). This rezoning would pave the way for the construction of approximately 68 new rental units, with a focus on providing housing for families, seniors, and people with disabilities.
Partnership and Funding
The project is being spearheaded by a partnership between the Turning Points Collaborative Society, a non-profit organization focused on social housing development, and the BC Ministry of Housing.
The BC Ministry of Housing announced plans for this project earlier in 2024, as part of a larger initiative to create nearly 250 affordable housing projects across the Okanagan-Similkameen region. The Ministry's Community Housing Fund is expected to play a significant role in financing the development.
Project Details and Considerations
While specific details about the project design are still emerging, the proposed MF3r zoning allows for a building height of up to six storeys. This suggests the possibility of a mid-rise apartment building on the site.
City staff have expressed support for the rezoning application, citing several factors:
- Alignment with Official Community Plan (OCP): The project aligns with the City's OCP designation for the area, which calls for higher density housing options in core neighbourhoods.
- Proximity to Amenities: The location offers easy access to important amenities like transit, schools, parks, and recreational trails. The Glenmore Recreation Corridor, which connects to shopping options south of the site, provides additional convenience for residents.
- Addressing Housing Needs: The project directly addresses the growing need for affordable housing in Kelowna, particularly for families, seniors, and people with disabilities. According to a 2023 report by the Canadian Centre for Housing Rights, Kelowna's vacancy rate sits at a mere 1.8%, significantly below the national average. This low vacancy rate creates challenges for residents seeking affordable rental options.
Next Steps
The Kelowna City Council will have its first look at the rezoning application on July 8, 2024. If the application is successful, a development permit application will follow for further council consideration. This development permit application will provide more details about the project design, construction timeline, and proposed unit types and sizes.
Impact and Significance
This project has the potential to make a significant impact on Kelowna's housing landscape. With a focus on family-oriented units and affordability, the development could help address the growing demand for accessible housing options. The project's location near amenities further enhances its value for residents.
Coldwell Banker Horizon Realty® will continue to monitor the progress of this project and provide updates as they become available. We are committed to keeping our clients informed
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.
