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:6770)
Overview
Price
$
13,250,000
MLS #
10343895
Age
1979
Lot Size
1.75
acres
Exterior
Cedar Siding
Cooling
Wall unit
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Multi-family
Roof
Unknown
Zoning Type
Unknown
Listing Office
Royal LePage Kelowna
Begin Your Journey
Whether you seek a waterfront sanctuary or an architectural masterpiece, let us guide you home.
Fill out my online form.