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2040 Joe Riche Road, Kelowna
2026-03-03
Quick Summary
- Location
- 2040 Joe Riche Road, Kelowna, British Columbia V1P1G7
- Price
- $11,990,000
- Status:
- For Sale
- Property Type:
- Other
- Area:
- 9011 sqft
MLS®#10377821
Property Description
Prime Development Opportunity – 2040 Joe Rich Road & 2021 Hwy 33 E, Black Mountain, Kelowna Secure nearly 5 acres of premium commercial land in the heart of Kelowna’s growing Black Mountain community. Strategically located at the high-visibility corner of Joe Rich Road and Highway 33 East, this property offers outstanding exposure and long-term upside in one of the city’s fastest-developing corridors. Rezoning is currently underway for a proposed 148-unit multi-family residential development with up to 15,000 sq ft of ground-level commercial space, creating a strong mixed-use opportunity designed to serve the surrounding neighbourhood. Letters of Intent are secured with nationally recognized brands including Loblaw Companies Limited, McDonald's, and Petro-Canada, offering built-in tenant appeal and future stability. An established liquor store is already operating on site, providing immediate holding income. This is a rare chance to control a substantial footprint in a high-demand location with strong residential growth, excellent traffic flow, and expanding amenities. Option available to relocate the pump house and incorporate Lot 1 (1655 Gallagher Road) into the purchase for additional scale. A strategic investment with vision, location, and momentum on its side. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Airport, Recreation, Schools, Shopping, Ski area
Building
- Fireplace: No
- Interior Size: 9011 sqft
- Building Type: Residential Commercial Mix
- Utility Water: Irrigation District
Land
- Land Size: 4.62 ac|1 - 5 acres
- Sewer: Municipal sewage system
Information entered by Chamberlain Property Group
Listing information last updated on: 2026-03-03 17:19:02
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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Glen MacKenzie REALTOR®. Member of The Canadian Real Estate Association & more
- Phone:
- (250) 870-4536
- Mobile:
- (250) 870-4536
- Email:
- onepercentglen@shaw.ca
- Support Area:
- Areas serviced in the Central Okanagan include all sub divisions of: Kelowna, Westbank, West Kelowna, Peachland
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- Phone:
- 604-683-1393
- Email:
- donnafullerREALTOR@gmail.com
- Support Area:
- KELOWNA, KELOWNA DOWNTOWN, KELOWNA SOUTH, KELOWNA NORTH, SOUTH EAST KELOWNA, LOWER MISSION, UPPER MISSION, KETTLE VALLEY, CRAWFORD ESTATES, SPRINGFIELD SPALL, DILWORTH MOUNTAIN, WILDEN, RUTLAND, JOE RICH, BLACK MOUNTAIN, UNIVERSITY DISTRICT, LAKE COUNTRY, WINFIELD, ELLISON
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