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01 about

Innocept's third acquisition in downtown Kelowna involved the development of 50 condo units and 4 townhomes. The 6-storey wood frame multifamily project on Clement Avenue was a unique undertaking, which was one of the first multifamily residential projects designed and constructed with a split-level parkade to accommodate the parking for the 54 units. Innocept acquired the land in June 2018 and construction began in September of the same year. The building was completed February 2020, and the majority of the units were purchased as short-term rentals, as it was the last new development approved for this purpose in downtown Kelowna. The project was a resounding success, returning equity capital to investors in just 19 months. Additionally, it was completed on time and within the $16 million budget.


02 portfolio


Another Project by Innocept Developments

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