$23,900,000
3898 Brown Road, West Kelowna
Mixed-use property, 21.14 acres · MLS® 10398488
Hall Cassie Marshall Group listingSotheby's International Realty Canada
$18,000,000
4058 & 4066 Gellatly Road, West Kelowna
Overview
A rare and highly strategic waterfront-adjacent development opportunity in one of West Kelowna’s most sought-after and evolving beachside neighbourhoods.
What it costs to buy
Transfer tax, down payment and the monthly payment at your lender's rate, from $18,000,000.
- Transfer tax
- $818,000
- Down payment
- $3,600,000
- Mortgage
- $14,400,000
- Monthly
- Enter a rate
Property transfer tax at the Province of British Columbia's rates, read 21 September 2026: 1 percent to $200,000, 2 percent to $2,000,000, 3 percent above, and a further 2 percent on residential value above $3,000,000. Under 20 percent down the mortgage includes CMHC's insurance premium, at CMHC's rates read 26 September 2026, and is held to 25 years unless it is a first purchase or a new build; from $1,500,000 no insurance is offered, so 20 percent down is the least. The monthly figure assumes semi-annual compounding and leaves out property tax, strata fees and utilities. Confirm every figure with your lender and lawyer.
Mortgage calculatorTransfer tax calculatorComprising two parcels totalling approximately 2.98 acres, this site fronts Gellatly Road, the Gellatly Pedestrian Corridor, and is steps from Willow Beach and Okanagan Lake. The municipality supports redevelopment for a vibrant mixed-use waterfront village, as per the Gellatly Village Study. Multiple plans for proposed development concepts are available on request, accommodating residential units, live/work units, and small-scale commercial units.
Design concepts embrace West Kelowna’s Official Community Plan, Waterfront Master Plan, and Gellatly Village Growth Management Designation. Future development could offer cafes and boutique retail, public plazas, and strong connectivity to surrounding trails, beaches, and parks, alongside waterfront residences. Walkable amenities include a public boat launch and marina, multiple beaches and waterfront parks, sports courts, hiking trails, The Landing Kitchen & Bar in The Cove Lakeside Resort, and more!
With limited remaining large parcels in Gellatly Village, this offering represents a once-in-a-generation opportunity to deliver a landmark, year-round waterfront-oriented community in one of West Kelowna’s most prominent locations.
Photos
Where it is
How far it is
- Kelowna International Airport (YLW)
- About 23 km
- UBC Okanagan
- About 21 km
- Downtown Kelowna (City Hall)
- About 12 km
Approximate, as the crow flies, from the listing's map point. The drive is longer.
Life nearby
Straight-line distances from the map point, rounded to the kilometre. The drive is longer, often around a lake.
- Black Mountain Golf ClubGolf, Kelowna. About 21 km, as the crow flies
- Kelowna Springs Golf ClubGolf, Kelowna. About 21 km, as the crow flies
- Shadow Ridge Golf ClubGolf, Kelowna. About 22 km, as the crow flies
- Okanagan Golf ClubGolf, Kelowna. About 22 km, as the crow flies
- Tower Ranch Golf and Country ClubGolf, Kelowna. About 23 km, as the crow flies
- Kelowna International Airport (YLW)Airport, Kelowna. About 23 km, as the crow flies (opens in a new tab)
More I can send you
The plans and the paperwork4058 & 4066 Gellatly Road has no floor plan in its listing. Ask, and I will email you the plan and any documents I can get for it.
Watch this listingI will email you if the price of 4058 & 4066 Gellatly Road drops, or if it goes pending or leaves the market.
What it costs to buy
Transfer tax, down payment and the monthly payment at your lender's rate, from $18,000,000.
- Transfer tax
- $818,000
- Down payment
- $3,600,000
- Mortgage
- $14,400,000
- Monthly
- Enter a rate
Property transfer tax at the Province of British Columbia's rates, read 21 September 2026: 1 percent to $200,000, 2 percent to $2,000,000, 3 percent above, and a further 2 percent on residential value above $3,000,000. Under 20 percent down the mortgage includes CMHC's insurance premium, at CMHC's rates read 26 September 2026, and is held to 25 years unless it is a first purchase or a new build; from $1,500,000 no insurance is offered, so 20 percent down is the least. The monthly figure assumes semi-annual compounding and leaves out property tax, strata fees and utilities. Confirm every figure with your lender and lawyer.
Mortgage calculatorTransfer tax calculatorSimilar land
$2,200,000
1045 Bear Creek Lane Lot# 9, West Kelowna
Acreage, 2.48 acres · MLS® 10370790
Hall Cassie Marshall Group listingSotheby's International Realty Canada
$2,100,000
1045 Bear Creek Lane Lot# 8, West Kelowna
Acreage, 2.51 acres · MLS® 10370748
Hall Cassie Marshall Group listingSotheby's International Realty Canada
