Property Showcase

SOLD | ABERDEEN PLACE

On behalf of the purchaser, Myla Properties, we are excited to confirm the sale of Aberdeen Place in Kelowna.

This acquisition adds 3.22 acres and 48,000 SF of well-maintained building to Myla’s growing portfolio. This site is unique in that it offers intrinsic diversification, encompassing retail (including drive through), standalone office & warehouse with dock loading. Tenants include Tim Horton’s, Acera Insurance, the Province of British Columbia, Avalon Rentals & Bella Vida Salon.

We extend our thanks to both the buyer and seller and congratulate them both on this significant transaction.

Sold by Meghan Cortese and Morgan Asling

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SOLD | STRATIFIED INDUSTRIAL SITE IN WEST KELOWNA

On behalf of the buyer, RLK Commercial is pleased to share the acquisition of 1340 & 1360 Stevens Road in West Kelowna, BC.

This 3.54-acre stratified industrial site, zoned I2 – General Industrial, includes approximately 29,850 square feet of building area. The building will be fully occupied by RJames Western Star for a new service centre, bringing their well-established operations throughout the Thompson Okanagan and Alberta to 9 locations.

Sold by Morgan Asling and Meghan Cortese PREC*

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LEASED | 590 MCKAY AVENUE

We are excited to share that the Multidisciplinary Concussion Care Clinic has doubled in size at 590 McKay Avenue.

“By combining medical, psychological, and rehabilitative expertise, the clinic provides a seamless continuum of care, bridging clinical excellence with research innovation to promote full recovery and lasting quality of life.” - Dr Wayne Lai.

Now occupying both the second and third floor, this location will provide comprehensive assessment, treatment, and rehabilitation for individuals affected by concussion and post-concussion syndrome, through a collaborative and evidence-based approach. With a team that includes general practitioners, neurologists, psychiatrists, sleep specialists, and allied health professionals, the clinic continues to advance the standard of care for patients in the region, strengthening 590 McKay’s identity as a premier destination for integrated healthcare in Kelowna.

Leased by Meghan Cortese and Morgan Asling

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LEASED | THE SHORE

We are thrilled to celebrate the firm Lease of Deville Lakeshore, located directly across from Gyro Beach in Kelowna’s Lower Mission neighbourhood.

This deal marks a hat trick with Deville’s franchisor, 98 Food Co, as this is the third store they have established in the Kelowna market! We are grateful for the opportunity to collaborate in bringing iconic brands to town.

Leased by Meghan Cortese

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SOLD | THE LARGEST SINGLE APARTMENT BUILDING TRANSACTION IN THE HISTORY OF THE BC INTERIOR MARKET

On behalf of our client and the Vendor, Kerkhoff: Develop-Build, Peter Gibson and Steve Laursen of Cushman & Wakefield (“C&W”) and Royal LePage Kelowna Commercial were rewarded with the opportunity to exclusively market Knox Village, an under construction collection of 238 suites located beside Knox mountain park 7 minutes from downtown Kelowna. Knox Village offers a gym, underground parking, and an abundance of green space at your door.

Knox Village located at 1420, 1430, 1440 and 1450 Cara Glen Court, Kelowna BC is currently under construction by Kerkhoff: Develop-Build with phase 1 expected completion in spring 2023. Knox Village will feature 28 – studio, 90 - 1 bedroom, 104 - 2 bedroom and 16 - 3 bedroom apartments. The purchase price is $86,500,000 ($363,500 per suite) representing the largest single apartment building transaction in the history of the BC Interior market.

Sold by Steve Laursen

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SOLD | INTERIOR BC APARTMENT PORTFOLIO

On behalf of our client and the Vendor Skyline Apartment REIT Skyline Group of Companies, Royal Lepage Kelowna Commercial, and Cushman & Wakefield are pleased to announce the successful sale of the Interior BC Apartment Portfolio to the Purchaser All Island Equity REIT for a price of $44,750,000.  The Portfolio is a premier multi-family rental apartment portfolio comprised of 212 units over five renovated rental buildings strategically located in Kelowna and Penticton.

Sold by Steve Laursen

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SOLD OUT | POWERHOUSE

Powerhouse is one of Kelowna's newest most innovative business centres located in the heart of entertainment, services, and recreation in the downtown area.

HIGHIGHTS ||
- 56,167 SF Industrial-flex strata development
- 20 Ground floor units with mezzanine
- 13 Office units on third floor

Exclusively listed and sold by Steve Laursen

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SOLD | PROXIMA URBAN HOMES

Pleased to announce the successful sale of Proxima Urban Homes located at 1229 Richter Street, Kelowna, British Columbia. Proxima is a brand new 4-storey, wood frame residential building featuring 59-apartments and townhomes. The rental suites feature high-end, condominium-style finishes and large exterior balconies. Residents will enjoy amenities such as a rooftop patio with barbecues, a picnic area, and ample landscaped green space, and a fitness centre. The Property was developed by Kerkhoff Construction and sold to CAPREIT

Sale Price || $29,500,000

Sale $/Suite || $500,000

Sale Date || January 2022

Sold by Steve Laursen