Valley Road
Valley Road is a proposed rental development with robust building amenities and proximity to neighbourhood shopping and transit. The project advanced to third reading in just 10 months, demonstrating a streamlined approval process. The City of Kelowna also offers a 10-year property tax exemption on rental-zoned properties, enhancing its financial sustainability and long-term appeal.
Main features:
Location: Kelowna, BC
Project Cost: ~$62MM
Land Area: 1.2 Acres
Gross Building Area: ~115,000 SF
Target Occupancy: Q3, 2027