About This Property
**DEVELOPER ALERT**SEWER IS COMPLETE** RARE opportunity to develop 1.48 acres (64,468.80 sq ft) of MF2 zoned land in the heart of Rutland South. MF2 zoning supports row townhomes up to 3 storeys high. The property currently features a single family home and a Tenanted fourplex (mo. to mo.). Walking distance to Ecole Belgo Elementary School, Transit and is across the street from Belgo Park. Close to many restaurants, shopping, schools, Rutland arena and the YMCA. Bring your development ideas, potential FAR of approx 1.0 (id:64973)
The $2,999,000 listing price for this 1.48-acre property in Rutland South, Kelowna, equates to approximately $46 per square foot, which is well below the average for the Kelowna market, making it an attractive value proposition for developers seeking to maximize the zoning potential of the land. This property is best suited for savvy developers who can capitalize on the MF2 zoning and the strategic location near schools, amenities, and public transportation to create a lucrative multi-family project.
Property Details
Location
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