FOR LEASE - HM Commercial Group...SOPA Square 6 DEMOGRAPHICS Total Population (2018) 6,373 Projected...

PROPERTY DETAILS:

• Prime retail space in the heart of Pandosy Village

• Steps away from Okanagan Lake

• Modern, new construction build

• Surrounded by multi and single family residences, boutique retail, restaurants and office properties

FOR LEASE

Macdonald Realty Kelowna

2SOPA Square

PROPERTY DETAILS

CIVIC ADDRESS 3030 Pandosy Street, Kelowna, BC

LEGAL DESCRIPTION Lot 1 Plan EPP34822 District Lot 14 Land District 41

AVAILABLE UNITS 1,850 SF and up

ZONING (CURRENT) C4, Urban Centre Commercial

LEASE RATE Contact Meghan O’Mara for details

ADDITIONAL RENT Estimated at $12.50 PSF excluding utilities

3SOPA Square

AERIAL MAPThis premier mixed-use development is located in the coveted

Pandosy Village area, and has become one of Kelowna’s most

desirable locations. SOPA is steps away from Lake Okanagan,

Urban Fare, trendy boutiques, coffee shops and a wide array

of restaurants. Pandosy Street directly connects to Downtown

Kelowna and the Kelowna General Hospital is only a 4 minute

drive away.

4SOPA Square

AVAILABILITY PLAN

5SOPA Square

PROPERTY PHOTOS

6SOPA Square

DEMOGRAPHICS

Total Population (2018) 6,373

Projected Population (2023) 6.977

Population Distribution 0-24 years25-44 years45-74 years75+ years

1,3002,0542,099919

Average Household Income (2018) $77,239

Projected Household Income (2023) $90,713

Total Households (2018) 3,075

Projected Households (2023) 3,400


Projected Population (2023) 35,664


4,9969,65311,8525,487






Projected Population (2023) 65,564


12,56416,94822,4858,314





0-1 KM RADIUS

0-3 KM RADIUS

0-5 KM RADIUS

7SOPA Square

ZONINGCity of Kelowna Consolidated Zoning Bylaw No. 8000

Section 14 – Commercial Zones Revised January 23, 2017 C4-1C4rls-1C4lp-1

C4lp/rls-1

14.4 C4 – Urban Centre Commercial/ C4rls – Urban Centre Commercial (Retail Liquor Sales) C4lp – Urban Centre Commercial (Liquor Primary) C4lp/rls – Urban Centre Commercial (Liquor Primary/Retail Liquor

Sales) 14.4.1 Purpose The purpose is to provide a zone for the development of community commercial centres to

serve more than one neighbourhood. 14.4.2 Principal Uses The principal uses in this zone are: (a) amusement arcades, major (b) animal clinics, minor (c) apartment hotels (d) apartment housing (e) boarding or lodging houses (f) breweries and distilleries, minor (g) broadcasting studios (h) business support services (i) child care centre, major (j) commercial schools (k) community garden (l) congregate housing

(m) custom indoor manufacturing (n) emergency and protective services

(o) financial services (p) food primary establishment (q) funeral services (r) gas bars (s) government services (t) group homes, major (u) health services (v) hotels (w) liquor primary establishment, major (C4lp and C4lp/rls only) (x) liquor primary establishment, minor (y) micro suites housing (z) motels (aa) multiple dwelling housing (bb) non-accessory parking (cc) offices (dd) participant recreation services, indoor (ee) personal service establishments (ff) private clubs (gg) public libraries and cultural exhibits (hh) recycled materials drop-off centres (ii) religious assemblies

8SOPA Square


Section 14 – Commercial Zones Revised March 19, 2018 C4-2C4rls-2C4lp-2

C4lp/rls-2

(jj) retail liquor sales establishment (C4rls and C4lp/rls only) (ll) retail stores, convenience (mm) retail stores, general (nn) spectator entertainment establishments (oo) supportive housing (pp) temporary parking lot (qq) temporary shelter services (rr) thrift stores (ss) used goods stores (tt) utility services, minor impact

14.4.3 Secondary Uses The secondary uses in this zone are: (a) agriculture, urban (b) amusement arcades, minor (c) [deleted] (d) child care centre, minor (e) home based businesses, minor 14.4.4 Subdivision Regulations (a) The minimum lot width is 13.0 m, except it is 40.0 m if there is no abutting lane. (b) The minimum lot depth is 30.0 m. (c) The minimum lot area is 460 m², except it is 1300 m² if there is no abutting lane. 14.4.5 Development Regulations

(a) Floor area ratio:

1. For developments having only commercial uses, the maximum floor area ratio is 1.0.

2. For mixed-use developments, the maximum floor area ratio is 1.3, except if one or more of the following bonuses apply, where the total maximum allowable floor area ratio with bonusing must not exceed 2.35:

i. [deleted]

ii. Where parking spaces are provided totally beneath habitable space of a principal building or beneath useable common amenity areas providing that in all cases, the parking spaces are screened from view, an amount may be added to the floor area ratio equal to 0.2 multiplied by the ratio of such parking spaces to the total required parking spaces, but in no case shall this amount exceed 0.2;

iii. Where all parking spaces are located within a structure parkade and where there is a co-op/ car sharing program provided, a bonus of 0.84 may be added to the floor area ratio. This density bonus is only applicable to properties located in the South Pandosy Urban Centre; and/or

iv. Where in addition to the required open space, a publicly accessible public courtyard located at grade level and where a green roof is also provided, a bonus of 0.18 may be added to the floor area ratio.

9SOPA Square


Section 14 – Commercial Zones Revised April 8, 2019 C4-3C4rls-3C4lp-3

C4lp/rls-2

iv. Where in addition to the required open space, a publicly accessible public courtyard located at grade level and where a green roof is also provided, a bonus of 0.18 may be added to the floor area ratio.

(b) The maximum site coverage is 75%.

(c) The maximum height is the lesser of 15.0 m or 4 storeys in the South Pandosy and Rutland Urban Centres. In the Midtown Urban Centre, maximum height is the lesser of 15.0 m or 4 storeys, except that for hotels and apartment housing it shall be the lesser of 37.0 m or 12 storeys. In all other areas, the maximum height shall be the lesser of 15.0 m or 4 storeys. For mixed-use developments located in Urban Centres, where parking is located entirely below natural grade and provides a co-op / car sharing program, and provides a public courtyard and green roof, the maximum building height shall be the lesser of 25.0 m or 7 storeys.

(d) The minimum front yard is 0.0 m, except non-accessory parking shall have a

landscaped buffer in accordance with Section 7. (e) The minimum side yard is 0.0m, except it is 2.0m where the site abuts a residential

zone other than an RU1, RU2, RU3 or RU4 zone, in which case the minimum side yard is the greater of 4.5m or half the height of the building. From a flanking street the minimum side yard is 0.0m

(f) The minimum rear yard is 0.0 m, except it is 6.0 m where abutting a residential

zone. 14.4.6 Other Regulations (a) Apartment housing and major group homes require access to grade separate from

the commercial uses. In the case of elevator equipped buildings, uses can share elevators provided security measures are in place to restrict access to residential areas.

(b) A minimum area of 6.0 m² of private open space shall be provided per bachelor

dwelling, congregate housing bedroom or group home bedroom, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom.

(c) Drive-in food services shall only be permitted on properties fronting a provincial

highway.

(d) Financial services shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.

(e) A building incorporating residential uses shall provide a functional commercial

space on the first floor, which must occupy a minimum of 90% of all street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has a functional commercial space. Access driveways or other portions of the street frontage not used as building will not be considered for the purpose of this calculation.

(f) In addition to the regulations listed above, other regulations may apply. These

include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.

10SOPA Square

KELOWNA & AREAKelowna, located in the heart of the Okanagan Valley,

is a growing economic hub named the top entrepre-

neurial city in Canada this year by the Financial Post.

Kelowna is a recreational lakeside paradise with acres

of scenic parkland and sandy beaches. Cradled within

a range of breathtaking mountains, this urban sanc-

tuary is bolstered by a pristine lake, pine forests,

orchards, vineyards, sandy beaches, and unparalleled

amenities.

Kelowna has the fastest growing population in British

Columbia and the fourth fastest in Canada. With a

regional population of approximately 190,000 in the

Central Okanagan, an overall trading area of 520,000,

and infrastructure to support business, Kelowna is the

largest urban centre between Vancouver and Calgary.

Diversification and proximity to world markets are

among Kelowna’s greatest economic strengths.

Agriculture, Tourism, Manufacturing, Health, and

Technology are important industries in the region.

Kelowna General Hospital is the largest healthcare

facility in the Interior of BC.

As an active and vibrant recreation centre, Kelowna

plays host to many visitors from all over the world.

Kelowna International Airport, Canada’s 10th busi-

est, easily connects visitors to major North American

cities including direct flights to Vancouver, Calgary,

Edmonton, Fort McMurray, Prince George, Seattle,

Los Angeles, San Francisco, and Tofino. Visitors can

enjoy renown wineries, golf courses and ski resorts. In

short Kelowna is a four-season lakeside playground.

11SOPA Square

THE SMALL PRINTThis document/email has been prepared by HM Commercial Group for advertising and general information

only and makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the

information including, but not limited to, warranties of content, accuracy and reliability.

We assume that the property is free of any environmental condition that would negatively impact the market

value of the property. Unless otherwise stated, we have not performed a review of title, nor any encumbranc-

es that appear on title. We are not Lawyers, nor Accountants and thus are not qualified to provide legal or

accounting advice.

Any interested party should undertake their own inquiries as to the accuracy of the information. HM Commer-

cial Group excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this

document and excludes all liability for loss and damages arising there from. This publication is the copyright-

ed property of HM Commercial Group and /or its licensor(s).

HM Commercial Group is a team of Real Estate Professionals licensed with Macdonald Realty Kelowna.

CONTACT US:

MEGHAN O’MARA*

HM Commercial Group – Macdonald Realty Kelowna

Phone: (250) 712-3130

Email: [email protected]

*Personal Real Estate Corporation

HM Commercial Group is a boutique commercial real estate team that specializes in investment properties, land for development, and leasing. Our targeted focus provides us with detailed knowledge of market conditions, as well as key relationships with wealthy investors, institutions, and REIT’s. Over the past few years we have sold over $600 Million dollars in transactions.

WE DO THINGS DIFFERENTLY AND IT WORKS.

Macdonald Realty Kelowna

FOR LEASE - HM Commercial Group...SOPA Square 6 DEMOGRAPHICS Total Population (2018) 6,373 Projected...

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