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Nestled in one of Kelowna’s most desirable neighbourhoods
Overlooking Kelowna Golf and Country Club, Dilworth Bluffs and the City Center, Promontory is a prime development site.
Ranked as one of the most desirable lifestyle locations in Canada with its growing employment engine, infrastructure development and continued affordability, Kelowna is one of the best investment markets in Canada. The Kelowna condominium market is among B.C’s strongest. Land for affordable condominiums in desirable neighbourhoods is in short supply.
Units (466 sf – 1,348 sf)
The Okanagan Valley provides a true four seasons playground as a backdrop to one of B.C’s strongest economic engines and its fastest growing metropolitan area. The desirability of the Okanagan ensures its stability when compared to the boom and bust nature of resource specific locations. In addition to the area’s key drivers of Kelowna Airport, University of British Columbia, Okanagan College, Kelowna General Hospital and the Okanagan Centre for Innovation, the region’s economic diversity is also its strength.
The Okanagan has become a prime destination for residential and small business relocations due to the exceptionally moderate climate, strong transportation, skilled labour force and availability of recreational opportunities. The Okanagan has also become an attractive as a great place to work, live, do business, and for retirees who bring a wealth of knowledge and skills.
DISCLAIMER: This document has been prepared by Promintory Developments Inc. (“the Company”), the general partner for the project, and is being provided solely as a guide to give background information to enable recipients to assess whether they wish to enter into discussions with the Company regarding this potential transaction. *All statements or views expressed and all statements relating to expectations regarding future events or the possible future performance of the proposed transaction represent the Company’s assessment and interpretation of information available as of the date of this document. Prospective Investors must determine for themselves what reliance (if any) they should place on such views, and the Company accepts no responsibility in respect thereof. Prospective investors are strongly advised to conduct their due diligence, including, without limitation, the legal and tax consequences of them investing in the proposed transaction. *No representation or warranty, expressed or implied, is or will be given by the Company or any of its advisors. Should any views be given as to expectations, these are illustrative only; none of the opinions should be taken as forecasts or promises on the part of the Company, nor should they be taken as implying any indication, assurance or guarantee that those assumptions are correct or exhaustive. *All liability for reliance on the contents hereof is expressly excluded. *This document does not constitute investment advice. This document does not amount to an invitation or inducement to buy or sell an investment, nor does it solicit any such offer or invitation in any jurisdiction as it is only provided for information purposes. *Participation may expose potential investors to a significant risk of losing their investment.
*This disclosure contains forward-looking information that is not complete and complete forward-looking information is included in the Issuer’s current offering memorandum. The forward-looking information are management’s projections based on project planning and analysis using industry accepted assumptions and analysis techniques for the real estate market for Kelowna and the project area in particular. While management believes its assumptions and analysis are valid and reasonable, actual results may vary from the forward-looking information and there are a number of inherent risk factors, such as variability in real estate pricing, prices for construction materials, and government policy that could have a negative impact on the Issuers and could cause actual results to differ materially from the forward-looking information. The Issuers undertake no responsibility to update their forward-looking information. The reader is directed to the Issuer’s current offering memorandum for a more full consideration of the risks, assumptions and forward-looking information.