About This Property
Positioned on a large, well-located lot in Rutland North, Kelowna, this property presents a compelling investment and redevelopment opportunity with immediate holding income and multiple future development pathways. The existing single-level rancher offers three bedrooms and two bathrooms, providing a solid, rentable residence while development plans are explored. The home features a spacious living area with a gas fireplace, a functional kitchen with ample storage and prep space, and a large, private backyard bordered by mature cedar trees. Key capital improvements have already been completed, including a new roof (2019), hot water tank (2022), and an upgraded irrigation system, reducing near-term capital expenditure for investors. DEVELOPMENT POTENTIAL: From a redevelopment perspective, the site offers strong upside potential, including the ability to subdivide into two single-family lots or pursue a townhouse development of up to eight units (four dwellings per lot), subject to City approvals. The property’s configuration and location support efficient site planning and long-term value creation. Located close to schools, transit, shopping, and amenities, this property combines current income stability with future density potential, making it an ideal opportunity for investors, developers, or land bankers seeking exposure in a growing Kelowna corridor. (id:64973)
Property Details
Location
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.