A proposal for a new townhouse development on Springfield Road, Kelowna, has sparked interest in the city's growing housing market. Coldwell Banker Horizon Realty dives into the details of this project and explores its potential impact on the area.
Project Details
- Location: 1095-1097 Monterey Ct., Kelowna (off Springfield Road)
- Current Zoning: MF1 (Infill Housing)
- Proposed Zoning: MF2 (Townhouse Housing)
- Development Plan: Two townhouse buildings with a total of eight, three-bedroom units
- West Side: Two-storey building with three units
- East Side: Three-storey building with five units (variance requested for exceeding the 2-storey limit)
Justification for Increased Density
The application justifies the three-storey building on the east side due to its unique location. Backing onto a steep hill and positioned below Springfield Road, a taller structure creates a less visually imposing presence on the street while maximizing land usage.
City Planning Staff Recommendation
City planning staff recommends approval for the project. Here's why:
- Alignment with Future Land Use Designation: The proposal aligns with Kelowna's future land-use plans which encourage higher density housing development in core areas.
- Compliance with Core Area Neighbourhood Policies: The project adheres to policies promoting sensitive residential infill and ground-oriented multi-unit housing.
- Increased Housing Diversity: The development introduces a wider range of housing options in the area, catering to potential buyers seeking an alternative to single-family homes.
Market Context
This proposal isn't the only one for townhouses in the area. Another application for a seven-unit townhouse development south of this location was submitted in late April. These developments reflect Kelowna's growing housing needs and the increasing popularity of townhouses.
Potential Impact
- Increased Housing Supply: The development could alleviate some pressure on Kelowna's housing market by introducing new ownership opportunities.
- Enhanced Affordability: Townhouses typically offer a more affordable alternative to single-family homes, potentially attracting a broader range of buyers.
- Community Densification: The project contributes to Kelowna's densification efforts, aligning with sustainability and efficient infrastructure development.
Potential Concerns
- Traffic Impact: Increased density might lead to higher traffic volumes on Springfield Road. Examining traffic flow and potential mitigation strategies will be crucial.
- School Capacity: Ensuring adequate school capacity in the area to accommodate potential new residents with children is essential.
- Community Character: Balancing increased density with maintaining the existing character of the neighbourhood should be considered during the development process.
Next Steps
Kelowna City Council will review the proposal on Monday, June 17th, at 1:30 PM. Coldwell Banker Horizon Realty will continue to monitor the development and provide further updates as they become available.
Considering a Townhouse in Kelowna?
Townhouses offer a compelling option for individuals seeking homeownership with lower maintenance compared to single-family homes. This proposal, along with others, indicates an expanding townhouse market in Kelowna. Contact Coldwell Banker Horizon Realty today to explore available townhouses in Kelowna and discuss your real estate needs. Our experienced team can guide you through the buying process and help you find your perfect townhouse.
