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$13,250,000
Est. payment /mo
1.75 Acres Lot
UPDATED:
Key Details
Property Type Townhouse
Sub Type Strata
Listing Status Active
Purchase Type For Sale
Subdivision Rutland North
MLS® Listing ID 10343895
Year Built 1979
Lot Size 1.750 Acres
Acres 1.75
Property Sub-Type Strata
Source Association of Interior REALTORS®
Property Description
An exceptional opportunity to acquire a fully stratified, 26-unit townhouse development on a 1.75-acre parcel in the heart of Kelowna's rapidly evolving Rutland Urban Centre. Ideally positioned directly across from Ben Lee Park and bordering the Houghton Road Recreation Corridor, this property offers both lifestyle appeal and strategic long-term value. Located within the City's designated redevelopment zone, the site is zoned UC4, allowing for up to 6 storeys with a density bonus—making it a prime candidate for future multifamily redevelopment. Most of the units are owner-occupied, with estimated market rents of approximately $2,500 per month, equating to a potential gross annual income of $780,000. Just 8 minutes to UBCO and Kelowna International Airport, 15 minutes to Okanagan Lake, and 40 minutes to Big White, this location offers strong projected holding income and exceptional redevelopment potential in one of Kelowna's most active and connected growth corridors. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Wall unit
Exterior
Parking Features Yes
Community Features Pets Allowed
View Y/N No
Roof Type Unknown
Total Parking Spaces 38
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Strata
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Listed by Royal LePage Kelowna
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Muhamed Awada
Real Estate Agent | License ID: 4726552
Real Estate Agent License ID: 4726552